FOR SALE For sale: a popular evening restaurant that has operated in the same location for decades
Business information
| Sale topic | For sale |
|---|---|
| Industry | Restaurants, cafes |
| Location | Kymenlaakso |
| Person count | |
| Adjusted revenue | 1 000 000 EUR |
| Asking price |
150 000 EUR 250.000 euros as an asset deal, 300.000 euros as a share deal |
A popular evening restaurant that has operated in the same place for decades.
The restaurant is located on the second floor of a hotel property and can accommodate up to 350 people within the limits of the current on-license. An integral part of the concept is danceable music, performed by DJs, artists and live bands. The facilities include two bars and a large stage, and the dance floor is one of the largest in the city. The clientele is diverse, extending from city dwellers to residents of surrounding municipalities. The restaurant hosts various parties and events for individuals, communities and companies. In cooperation with the hotel, accommodation and dining packages as well as meetings are also offered. One of the current owners has retired, and the remaining owner wants to focus on their business closer to where they live. Opening hours are on Friday and Saturday nights and on the eves of public holidays. Personnel arrangements and administration have been handled smoothly through a subcontractor, and some of the staff have worked in the restaurant for years. The furniture, machinery and equipment are their own, while the payment terminals, checkout system and music system are rented.
Asking price justification
The asking price for the business of the company that has operated profitably in the same premises for 20 years (excluding the corona years). The debt portion required for the acquisition price can be repaid with a repayment period of less than 3 years, the interest rate on the bank loan being 7%.
