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.

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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
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