Located in the heart of Salt Lake City’s Central Business District, this restaurant features a modern, eclectic atmosphere. The space includes a large, communal table in the center, an inviting addition. The restaurant housemakes its own ingredients; and what they don’t make themselves, they try to source from local producers as much as possible, including local beef used for its ample and flavorful hamburgers.

Diners and reviewers have awarded the restaurant several “Best Ofs”, and it is also one of the highest rated Salt Lake restaurants on Yelp. The increasingly busy nearby retail center includes a number of other synergistic eating options drawing diners to this tucked-away hub.

The restaurant sub-leases a small portion of their leased space to a synergistic food business. Their lease is up and the space could be taken back by the restaurant for additional seating or for a take-out counter, the owner’s original plan for that space. There is a separate kitchen line to accommodate a take-out counter. While the current owner has not taken the opportunity to put in patio seating, a plan for 14 seats has been approved by the city, and outdoor seating would be a strong appeal in this location. Given the location in the heart of the Central Business District, the owner also believes that opening for breakfast would be a strong growth opportunity.

The owner is selling the restaurant to pursue a non-competitive food concept. As such, the asking price for the business is based on the value of a “facility-in-place” and has been significantly discounted to the cost of equipping and building out the restaurant.

Some seller financing is negotiable for a qualified buyer.

Posted Oct 6, 2016

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