Posh Restaurant with $5M in Revenue

This posh restaurant in Pennsylvania boasted over $5M in revenue in 2021! With 50+ employees on staff, the owner is able to be oversight only. Offering a unique and varied cuisine, menu items include classic Italian pasta, fried calamari, seared scallops, and prime rib – there is a great selection to match every craving and satisfy every taste bud. The restaurant occupies a significant space—being able to seat 100 inside (including 14 barstools), plus covered booths around the exterior. There are around 50 individuals on staff, including 30 servers, 18 kitchen staff, and two full-time managers. A key asset for the restaurant is their Cumberland County liquor license. Valued around $500K due to the scarcity of these licenses in the county, attention and business for the restaurant is practically guaranteed for a long time to come, given the closed market and natural barrier to entry for competitors. The COVID-19 pandemic forced the restaurant to close from mid-March to mid-April 2020, but they quickly bounced back with the introduction of curbside pickup (that is still presently utilized) and were back to full capacity by the middle of summer. The current owner provides general oversight for the day-to-day operations, filling roles and positions as needed during peak hours. With minimal online marketing, a significant growth opportunity exists for a new owner, with a current owner training period dependent on the experience and needs of the buyer. Priced at $2,590,000, the restaurant is primed to bounce back way beyond 2020 with 2021 gross sales over $5M! This is an opportunity you won’t want to pass on. A 15% down payment of $388,500 returns $457,123 in the first year after debt payments – a 118% return on investment