Catylist ID:
#30810785
Upscale Bistro
Undisclosed Address, Louisville, KY 40205
Business Opportunity
for Sale
| Catylist Listing ID: | 30810785 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | See Agent |
| Sale Price: | $575,000 |
| Name of Establishment: | Undisclosed |
| Year Business Established: | 1989 |
| Gross Revenue: | $1,500,000 (Annual) |
| Cash Flow: | $250,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Sale Terms: | Cash to Seller |
| Last Updated: | 5/19/2023 |
Overview / Comments
|
Long standing restaurant in operation for more than 30 years with a single owner. This establishment has an impeccable reputation in the community as one of the area's best restaurants. It is turnkey, fully staffed, fully furnished and operating. The Seller is willing to work with The Buyer during the transition. Space includes combination of indoor and outdoor dining with parking. Favorable lease terms exist for the new owner. Don't pass up this incredible opportunity to occupy one of the most iconic restaurants in The Highlands. |
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Owner would like to retire. |
| Value of Inventory Included ($): | $50,000 |
| Value of Furniture, Fixtures, and Equipment ($): | $161,500 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Mgmt/Training Support Description: | Owner will agree to stay on for a transition period to be negotiated along with the purchase price. |
| Competition/Market Description: | this upscale bistro operates at the high end of the market and there are few competitors. |
| Growth/Expansion Opportunities: | New owner could expand hours by adding days that the restaurant is currently closed, and could add lunch and catering as well. |
| Seller Financing Description: | A portion of the purchase price could be paid in the form of a note payment secured by a personal guarantee. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 15,039 | 121,496 | 305,262 |
| Median Age: | 42.78 | 39.58 | 38.29 |
| Households: | 6,895 | 57,340 | 136,928 |
Contact
| © Copyright 2001-2023 Moody's. All Rights Reserved. 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. |
