Listing Number: 71790-125656
Description
Description:
We are pleased to present an exceptional opportunity to acquire a highly profitable and renowned restaurant located in a prime, high-volume area of Alaska. This establishment boasts an impressive track record with $2 million in annual revenue and $345,000 in Seller's discretionary earnings. With no competition in the vicinity and a loyal local clientele, this restaurant has firmly established itself as a top dining destination throughout the year.
Location:
The restaurant occupies a truly enviable location, unmatched by any other dining establishments in the area. Nestled in a prime spot, it benefits from a steady stream of customers and consistent foot traffic. With no direct competition, this restaurant has carved out its own niche and established itself as the go-to dining destination in the vicinity.
Financial Performance:
The restaurant has consistently achieved remarkable financial results, with year-over-year trends showcasing a 62% gross profit margin and a 13% net profit margin. These figures reflect the establishment's robust business model and efficient operations, ensuring solid returns for the owner.
Clientele:
With a warm, friendly, and fun environment, the restaurant has cultivated a loyal following among both locals and visitors. The establishment's reputation for outstanding cuisine and exceptional service has earned it a spot in the top 5 best restaurants in Alaska. The restaurant operates on a reservation-only basis and is consistently booked every night, guaranteeing a steady flow of patrons.
Opportunity:
This turnkey restaurant presents an exceptional opportunity for entrepreneurs and investors looking to enter or expand in the hospitality industry. With its highly profitable business model, prime location, loyal clientele, and strong financial performance, this restaurant offers a solid foundation for continued success.
Listing Details
- Price: $ 1,700,000
- Down Payment: $170,000
- Sellers Discretionary Earnings: $ 345,000
- Total Sales: $ 2,000,000
- Location: Alaska
- Inventory: $ 22,000
- FF&E: $ 521,000
- Employees:
- Reason for Selling: Retirement
- Category: Restaurants
