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Opportunities

Passively Owned Upscale Restaurant

50 Employees on Staff and Over $1M in Assets!

CASH FLOW
$953,465

Specifications

  • Cash Flow
    $953,465

  • Revenue
    $5,133,743

  • Price
    $2,700,000

  • Intangible Assets
    Liquor license

  • Employees
    50; 30 servers (15 FT); 18 kitchen staff (15 FT); 1 FT GM; 1 FT Kitchen Manager

  • Service Area
    Harrisburg Metro Area

This upscale restaurant is able to keep up with their local demand thanks to their excellent staff and management which consists of 30 servers (15 FT), 18 kitchen staff (15 FT), 1 FT General Manager; and 1 FT Kitchen Manager. This skilled team and established leadership system has allowed the current owner to take on a passive role in the business. This restaurant also comes with over $1M in assets including an exclusive liquor license valued at $500K as Cumberland County has limited business allowance. With over $5M in revenue and a profit margin far above the industry average this upscale establishment in Pennsylvania is thriving! Their client base is drawn to the varied menu including elevated and delicious classics like Italian pasta, prime rib, salmon, fried calamari, seared scallops, and mussels. Luckily, the business has plenty of space to host the citizens of Harrisburg and surrounding areas. With 5,000 square feet and the capacity to host 100 customers indoors and additional covered booth seating available outside, there’s plenty of room for everyone.

 

The COVID-19 pandemic forced the restaurant to close from mid-March to mid-April 2020, but they quickly bounced back with the introduction of curbside pickup (that is still readily available and utilized) and were back to full capacity by the middle of summer. The current owner provides general oversight for the day-to-day operations, but this is a preference and could be easily phased out as they have two full time managers. With an established website but minimal online marketing, a significant and cost-efficient growth opportunity exists for new ownership.

 

Priced at $2,550,000, the restaurant is primed to continue its current growth pattern far beyond 2020 with 2021 annualized gross sales over $5M! A 15% down payment of $382,500 returns $418,512 in the first year after debt payments – a 109% return on investment! The current owner has also offered 15% seller financing or equity roll of the purchase to establish her faith in the business’s continued success.

Purchase Price:

$2,700,000

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Bank Loan Needed: $

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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2021 Annualized Cash Flow
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Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2021 Annualized Cash Flow
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Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.