High-end Destination Restaurant w/ Real Estate
- List Price: $4,400,000
- Sales: $4,984,670
- Adjusted Income: $1,297,364
- Down Payment: NA
- FFE Values: $696,000
- Inventory: $140,000
- R.E. Value: $7,000,000
- Location: Utah
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.