Large Full Service Restaurant & Catering Hall - Bucks

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Expansion plans approved; Future Option to buy real estate
Asking Price:
$1,050,000

Gross Revenue:
$1,473,741
Cash Flow:
$519,919
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Beautiful, busy and profitable! Outstanding opportunity to own a well established Bucks County family restaurant and catering hall. Free standing 6,000 sq ft building, fully renovated about five years ago, originally established in 1982! 130 dining seats plus another 100 for banquets, full service with staff of 20+. Great breakfast and brunch crowd, strong business in bridal and baby showers, funeral luncheons, rehearsal dinners, etc. Leasehold improvements over $400K plus handicapped elevator ($45K). Expansion plans on real estate for additional catering halls are fully approved by township. Seller will retain ownership of real estate and become landlord, but new tenant will have right of first refusal for future sale. Parking for over 80 cars plus additional parking in area for any overflow. Experienced operators only - call today for details. Buyer profile and confidentiality agreement required for confidential business details.

About the Business

Number of Employees:
23
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About the Sale

Reason For Selling:
semi retiring
Training/Support:
4 weeks

Listing Info

ID:
1599850
Ad Detail Views:
0

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Business Listed by

Tom Covello

Transworld Business Advisors of Philadelphia Main Line

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Sponsoring Broker:

Johanne Sermania
Transworld Business Advisors of Philadelphia Main Line

U.S. Census Data for Bucks County, PA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Bucks County, PA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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