Upscale specialty and family owned restaurant operation for sale in the South East. This is a very successful operation located in highly desirable location and close to affluent neighborhoods. The majority of the customers are High Income Individuals. There are 2 restaurants both above 10,000 SF of lease-able area. In existence since more than 20 years, the business owners were able to successfully replicate their success in several locations. This is an opportunity for investors to scale up, replicate, license or franchise a highly successful recipe that has an average EBITDA around 20% and SDE above 30%. Manage by the owners, the employee main pool has a very high retention rate. Some of them have been employed for more than 20 years. The business is cash flowing more than $ 1 million per year. One of the locations has had sales as high as $3 million and have been consistently above $ 2 million for the last 3 years.

Posted Jun 15, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.