Profitable Casual Family Restaurant & Bar

Asking Price$350,000

Cash Flow

EBITDA$150,000

Gross Revenue$2,059,614

Inventory$25,000
Included in asking price
FF&E$282,900
Included in asking price
listing imageSave

Profitable Casual Family Restaurant & Bar


Asking Price$350,000

Cash Flow

EBITDA$150,000

Gross Revenue$2,059,614

Inventory$25,000
Included in asking price
FF&E$282,900
Included in asking price
Business Description
Casual American Style Restaurant, serving Lunch and Dinner six days per week is available For Sale by Founder. This restaurant is fully equipped and currently open for business and being run by a highly trained and loyal staff who intend to stay on with the new owner.
About the Business
Years in Operation
17
Employees
23 (15 Full-time, 8 Part-time)
Fully Staffed restaurant. Owner could choose to work on site or remotely
Facilities & Assets
All FF&E has been well maintained and is in good working conditon
Market Outlook / Competition
In the course of operations the business has seen Buffalo Wings and rings close down twice, a Mexican sports bar open and close and then was bought by Marks Feed Store. Derby City Pizza is now in the spot where in the last 15 years, 3 “sports bars” have opened and closed. Also, during this course of time, 2 Beef O’Brady’s have closed. A sports bar named 30 Red opened and closed twice where there is now a Hometown Pizza. This restaurant has a solid foothold in this community. In the Kroger development located in the area they are adding about 400 front doors in their residential section. The two smaller developments close to them right now were a boon to their business and they are sure that this will do the same. They truly believe they have some of the most loyal customers in Louisville. The loyalty program prior to us switching to TOAST POS, was instrumental in developing a good customer base and every restaurant owner knows you MUST have a repeat customer to succeed.
Opportunities for Growth
The seasoned managers and other key employees who have been on the team for several years are energized to take the operation to the next level. They are currently exploring opportunities to add creative new menu items and products to further diversify their offerings. They regularly conduct menu analysis to identify opportunities in product development and day-part expansion. There may be an opportunity to take space behind them in the future. They have always wanted to develop a multi-purpose area where they could do music or something like indoor golf or pickleball.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,651
Rent
$10,190 per month
Lease Expiration
12/30/2030
About the Sale
Seller Motivation
Owner wishes to retire
Transition Support
The management team operates the business autominously. The current owner is willing to stay on for a limited tranistion period.
Listing Info
ID
2548113
Listing Views

Listing ID: 2548113 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings
Anchor Bar
$400,000Anchor BarFeatured Franchise
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise
Established Cafe and Bakery
$260,000Established Cafe and BakeryLouisville, KY
Scramblers Restaurant
$150,000Scramblers RestaurantFeatured Franchise
Toastique
$300,000ToastiqueFeatured Franchise
Anchor Bar
$400,000Anchor BarFeatured Franchise
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise