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: |
$250,000 - 400,000 |
| 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 . Seller will accept $250,000 for the Business Assets without the existing brand & intellectual property. If The Buyer wants the brand and intellectual property the asking price is $400,000. |
| Last Updated: |
7/24/2024 |
Overview / Comments
Upscale casual restaurant serving internationally influenced American cuisine seven days per week. Open for lunch and dinner. This restaurant has been owned an operated by the same family for nearly 40 years. It has consistently been recognized for one of the best rest restaurants in the area.
The Buyer could continue to operate the restaurant "as is" or make changes as they see fit.
|
Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Owner wishes to retire. |
| Value of Inventory Included ($): |
$20,000 |
| Value of Furniture, Fixtures, and Equipment ($): |
$300,000 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$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. |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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