One of a kind real estate opportunity that presents a great business proposition for aspiring restaurateurs.
This turnkey establishment is a thriving, extremely popular with both locals and tourists enterprise. It has shown outstanding growth every year since its establishment in 2014. The Crepery has a very strong online presence and reputation, with several thousand reviews between the most popular rating platforms and is overall the highest rated restaurant in Fairbanks. This is also proven by the several awards and mentions it gets every year, including by USA Today, Buzzfeed, Yelp, Top Rated Local, TripAdvisor, Restaurant Guru, Alaska Home Magazine, onlyinyourstate.com, and others. All these accounts will be transferred to the new owner. The restaurant also has a website with very good traffic, that will be transferred as well.
The owner is committed to supporting a successful handover, ensuring a smooth and prosperous transition into restaurant ownership. A seamless transition will be ensured by existing management and staff in place. The owner agrees to stay on and train potential buyers for as long as needed and agreed on.
This is a limited-service restaurant, that operates with a relatively small staff- 12 to 14 employees year-round. The Establishment is in the inclusion of Beverage Dispensary License, encompassing a wide selection of European Beers and Full Liquor Cocktails.
The building itself boasts essential features for a successful restaurant operation, including a fully sprinklered system, well equipped commercial kitchen, all needed equipment, very big walk-in cooler, beautiful and spacious outdoor seating area, employee break area and lots of storage space. The sale of the building and business encompasses the furniture, fixtures and equipment, ensuring seamless transition to the new owner.
The property has mixed occupancy with the second floor being set as short term rentals with 5 separate Listings on AirBnB, generating a great income(all financials available), that is not even calculated in the sale`s price. Future owner can continue to run them as a short term rentals, turn them into employee housing, offices, long term rentals, etc..
The current owner takes great pride in the business, but has made the decision to move on, providing an excellent opportunity for a motivated entrepreneur to continue that great success story!
There are plenty of growth opportunities, besides the usual revenue increase, that has proven year after year (the sales from beginning of 2024 are again higher than the same period in 2023), including expanding operational hours (currently the restaurant closes at 6pm and 5pm on Sundays), adding open days(currently restaurant is closed on Mondays), catering options, merchandise sales and expanding the Bar Menu.
All financials available upon signing of NDA Agreement.