Historic Bar And Restaurant With Real Estate Included In St. Charles County

Description

Full-service American restaurant, bar and catering business for sale with nearly 30 years of operating history. The business is located in a downtown setting and includes the underlying real estate.

Business profile

• Nearly 30 years in operation
• Full-service American restaurant
• Bar operation
• Catering
• Experienced management team in place
• Real estate included

Location

The restaurant operates from a downtown property with access to pedestrian and local customer traffic. The seller describes the surrounding city as experiencing substantial growth.

Buyers should independently confirm population trends, traffic patterns and surrounding development if these factors are material to the acquisition.

Facility

The restaurant includes a fully equipped commercial kitchen and established dining and bar areas. The seller reports that the equipment and facility have been maintained for continued operation.

A detailed asset list should be reviewed to confirm which kitchen equipment, furniture, fixtures and bar assets are included in the sale.

Management

An experienced management team currently supports daily operations and is expected to be available to remain under new ownership.

Continued employment should be confirmed directly with key managers, including compensation, responsibilities and any employment agreements.

Revenue channels

• Dine-in food sales
• Bar and beverage sales
• Catering

Growth

• Expand catering
• Add brunch service
• Return to seven-day operations
• Increase private and corporate events
• Develop additional downtown business partnerships
• Increase local and digital marketing

Real estate

The real estate is included in the transaction. In addition to the restaurant space, the property includes a four-bedroom residential or office component that may provide space for an owner, staff use or rental income, subject to zoning and occupancy rules.

Buyers should confirm the exact configuration, permitted use and current condition of the upper or ancillary space.

Due diligence

Buyers should verify historical financials, restaurant and catering revenue, food and beverage margins, payroll, management compensation, equipment ownership, real estate value, property taxes and any customer deposits or event obligations before closing.

Liquor licensing, food-service permits, residential occupancy, zoning and any rental use of the additional space should also be confirmed as part of the acquisition.