Landmark Retail & Restaurant Opportunity
Cash Flow: | $406,576 |
Inventory: | $600,000 |
Gross Revenue: | $3,466,421 |
FF&E: | $185,000 |
Long history, area icon, well-organized systems w growth opportunities!
This unique combination of a retail store and fast casual restaurant has become a beloved destination for repeat local patrons as well as a must-visit landmark for tourists, drawing foot traffic and creating a vibrant atmosphere. This distinctive business was established over four decades ago. It has not only stood the test of time but has also garnered numerous awards in both food and retail and accolades for its causal atmosphere, great service and friendly staff. Even with rising food prices, gross sales over the last 12 months have increased to nearly $3.7M compared to $3.5M during the previous 12-month period. On average, the business generates over 600 sales each day which easily doubles during the holiday season and the height of tourist season. The company’s long-standing presence in the community underscores its commitment to local engagement and connection with its residents. This well-organized enterprise benefits from efficient operations and management systems to help ensure a smoothly run day-to-day operation. The business is not only popular with locals and tourists, but also financially robust with numerous growth opportunities, such as the addition of catering services, premade meals, online retail sales, and retail space expansion doubling the size of the store. The owners would like to retire and are willing to fully train in the transition (time negotiable). Traditional and more favorable financing options are available depending on the buyer’s experience and financial backing.