SALE PENDING: 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: $6,000,000
- 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 available for an additional $6 million 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.