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Tavern Restaurant Nets $374K for sale in Montgomery County, PA

Montgomery County, Pennsylvania (PA)

Asking Price: Gross: Cash Flow:
Undisclosed $ 3,032,043 $ 374,376

Furniture and Fixtures Value:
$ 444,000 (included in the asking price)

Business Summary:
Well known tavern restaurant in a wonderful area of Montgomery County PA, centrally located in the heart of the city, a renowned ideal destination for any occasion. The business has a gross yearly income of $3,032,043 and a net income of $374,376. From a quick bite to endless weekend brunches on their outdoor patio, to holiday or birthday parties, corporate events & more this tavern is the perfect place to host a gathering. The tavern is also known for their large choices of craft beer selection and boasts to their wide selection of draft lines that are continuously changing with new and exciting choices. Their focus is on small batch & local breweries that offer a uniqueness and edge to their beer. The business is also known for its twists on traditional American cuisine, and always provides an exciting menu, from catering to brunch. In addition to sourcing local products, they also offer inspiration from their extensive beverage program. Their customers experience the traditions that have made the Tavern a success for the past fifty years. This company has appropriate 73 full & part time employees who are unaware of the pending sale, and fully expected to remain post-closing, also the monthly payroll expense is approximately $70,000. The business represents a free stranding commercial facility, on an active county road, consists of approximately 3,800 square feet and has an estimated capacity for one hundred and fifty customers. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

 

   
Year Business was Established: 2014
   
Number of Employees: 73  
   
Facilities / Terms of Lease: This business opportunity is in Eastern Pennsylvania, Montgomery County, which consists of various affluent and highly populated communities with continued demand for this product and industry. This successful retail facility which consist of approximately 3,300 square feet has an attractive appearance. The business is on an active commercial avenue and the general area consist of various professional companies and retail businesses.  
   
Potential Growth/Expansion: The business presently has a basic marketing plan and web site; however, it can be improved which can further develop the business yearly gross sales.  
   
Competition: To the best of our knowledge, due to the limited liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.  
   
Owner willing to finance: Can be available to a qualified buyer with an appropriate down payment.  
   
Owner willing to train: The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.  
   
Reason for selling: This transaction / sale is due to the partners separation.  
   
Seller Reference Number: BAR763
BusinessMart.com Listing Number: 249524
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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