Upscale Casual Restaurant, East

Undisclosed Address, Louisville, KY 40242
Business Opportunity for Sale
Catylist Listing ID: 30871753
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $500,000
Name of Establishment: Undisclosed
Business Website Address: Undisclosed.com
Year Business Established: 2038
Gross Revenue: $1,200,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 5/24/2024

Overview / Comments

Upscale casual restaurant serving internationally influenced American cuisine seven days per week. Open for lunch and dinner. This restaurant has been owned an operated by the same family for nearly 40 years. It has consistently been recognized for one of the best rest restaurants in the area.

The Buyer could continue to operate the restaurant "as is" or make changes as they see fit.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner wishes to retire.
Value of Inventory Included ($): $20,000
Value of Furniture, Fixtures, and Equipment ($): $300,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Approximately 5,000 square feet. I have not measured, and will update this once I have. Seller has 5 years left on lease, with an option for an additional 5 years. Copy of the lease is available once the CA is signed.
Employee/Labor Description: Employees wish to remain on with new owners
Mgmt/Training Support Description: Seller will remain on for a transitionary period. Be sure to include this in the LOI.
Competition/Market Description: Located near Hurstbourne Pkwy, Lyndon and Anchorage areas and draws customers from all surrounding areas.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,317 88,381 214,148
Median Age: 39.68 41.55 40.93
Households: 5,361 39,047 93,064
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