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  Chester Cty Landmark Restaurant
Type: Active Restaurant
Selling Price: $ 1,795,000
Featured: Yes

More Information
Gross Revenue: 2000000
Gross Revenue Comments: The location has been owned by the current owner for over 30 years and has been a restaurant for over 100 years. It is a landmark restaurant and was recently named one of the top 5 in the area. The restaurant is only open for dinner 5-6 nights per week. There is a full staff in place, many of them have been there over 20 years. The location seats over 300 people. On weekends the location does over 500 covers per night. The current owner has not had a price increase for several years and only works part time. The price of $1.7 mil includes the real estate as well as a liquor license. The seller is looking for someone to continue the dining tradition at this location. If you are looking for a large restaurant with plenty of upside you have found it, plus you can own the real estate.
Inventory: 15000 not included
Cash Flow Comments: Seller works part time. There is no manager at this time. The seller has done no advertising or marketing for the past few years. The location is only open for dinner 5 or 6 nights per week. The owner does no banquets or catering.
FF&E: 350000
Seller Financing: yes
Year Established: 1950
Employees: 25
Franchise: No
Facilities: Located on 5 acres. The restaurant is approx. 11,000 sq. feet. There is seating for over 300 in several dining rooms. There is a very large kitchen. There is a large bar and 2 service bars. There is a new POS system in place. There is a barn, 3 rental units and a large parking lot. A commercial appraisal was completed in 2014 that showed the value of the real estate to be $1.7 mil
Reason for Selling: retirement
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