Newly renovated, high volume restaurant in a major hotel serving breakfast, lunch and dinner with bar. This restaurant with 147 seats and 10 bar stools has a long term exclusive contract with the hotel to provide room service to 900 hotel rooms, perform hotel catering duties, serve guests meals utilizing hotel vouchers and provide food for the main bar in the hotel. In addition, this restaurant is the beneficiary of the high walk-in traffic it gets from being street level on a corner location of a busy commercial mid-town neighborhood. For dinner this busy restaurant is transformed into a bistro serving upscale food to both hotel guests and locals.


Reason to sell : OWNER WANTS AN OPERATING PARTNER - THERE IS A POSSIBILITY TO PURCHASE THE ENTIRE BUSINESS

Support and training : YES

Financing terms : NEGOTIABLE

Business opportunities : UNLIMITED

Business competition : NONE

Business location : Main restaurant in a major hotel with entrances both from the street and inside the hotel
Price:
$4,800,000
Cash flow:
$2,750,000
Revenue:
$6,000,000
Seller financial available: Yes
Work from home: No
Franchise: N/A
Year established: 1996
Employees: 16
Inventory: $10,000
Date: Wed 07 May 2014

Listing Expired!

Category: Restaurants
Share this business listing:
Photos:

Related listings:
About Businessreel
BusinessReel is the best way for the buyers who want to buy businesses to search across thousands of sites and find the business for sale listings that match with their criteria.