Popular Bar & Restaurant

For Sale 850,000 Food Related

2018 Revenue: $1,845,046

2018 Operating Profit: $310,570

Summary Description

This bar and restaurant is well established with superior management in place allowing the owner to be mostly absentee.  Its inviting warm, friendly ambiance attracts repeat and new customers.  The menu offers popular choices at affordable prices.

The restaurant sees year over year growth.  The revenue compound annual growth rate (CAGR) for the past three years (2016-2018) is approximately 8.5%; operating profit CAGR for the same period is approximately 9.5%.

2019 Annualized Revenue as of September 30:  $1,915,697

2019 Annualized Operating Profit as of September 30:  $341,452

Qualified buyers with restaurant experience preferred. 

General Information

Employees: 15 full time employees

Facilities: Location! Location! Provides for a desirable and highly visible gathering place in an attractive area.

Further information

Market Outlook
Growth and Expansion: The Restaurant has had 10 years of year over year growth even through the recession.

About the Sale:
Support and Training: Will be provided by the seller.
Reason Selling: To spend more time with family.

For further information, a confidentiality disclosure agreement is required. Please contact us for an agreement at info@gibsonandassociatesinc.com or 850-432-0808.