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Listed by:

Colliers International

High-End Destination Restaurant W/ Real Estate For Sale

Utah, US
Asking Price:
Undisclosed Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,984,670
Cash Flow:
$1,297,364

Welcome to an extraordinary, once-in-a-generation opportunity to own one of Utah’s premier restaurants located in a unique and idyllic setting just minutes from downtown Salt Lake City.

This long-established fine dining destination has earned a long list of awards and been recognized with national and local industry honors. Every detail is meticulously crafted to deliver an unforgettable experience, with regionally inspired cuisine, specialty cocktails and a wine selection that is recognized by Wine Spectator every year.

The majority owner is retiring and selling their 70 percent share of the company. The experienced co-owners/managers and the facilities manager are also willing to sell their interests and to stay on during and after the transition. The real estate is negotiable and can be included in the sale.

The property includes a large restaurant space with three indoor seating options as well as a summer patio. The restaurant currently has 17 full-time and 45 part-time employees. Training and a non-compete agreement are both negotiable for a new owner.

Property Information

Real Estate:

Lease

Lease Terms:

A percentage rent clause will be added to the lease if the property is not purchased.

Premises Details:

Over 10,000 SF available

Business Operation

Reasons for selling:

Retirement

Employees:
62
Years established:
30

Other Information

Support & training:

Negotiable

Furniture / Fixtures value:
$696,000 - included in the asking price
Inventory / Stock value:
$140,000 - included in the asking price