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Businesses For Sale   >>   Philadelphia Businesses For Sale   

Fine Dining Restaurant

Location  Philadelphia, Pennsylvania, United States
Asking Price Range  $250K - $500K
Gross Revenues  $551000
Net Profit / Cash Flow  $146000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2004
Number of Employees  6 - 9
Inventory  45000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Reason for Sale  Other Opportunity.

Description  
This restaurant is based in the Philadelphia region and has received numerous accolades in local and national press. It was opened in June, 2004 and has completed its first year of operation. This business has been placed on the market for sale due to an opportunity for the owner to purchase a larger restaurant in the region. Due to a hands on attitude (which would not be the scenario at the new location the present owner wishes to purchase), there is an extremely high chance that the chef will stay at the current location and work for the new owner. The average per plate cost is approximately $71 and over 95% of receipts are credit card. Because the restaurant is still new, there are expectations for an increased sales rate of 15% this year and most likely another 7% the year after that as word of mouth and its solid reputation continue. Even with these increases, the new owner may wish to also increase sales by being open seven days instead of the current six and may also provide lunch/brunch which is not currently offered at this location. Contact for more information on this Fine Dining Restaurant business for sale.


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