Alexander's on the Lake

Alexander’s on the Lake is an established location with long time staff members and a strong, loyal set of customers.  

Situated on the edge of the water, Alexander’s has seen sales nearly double since opening late in 2017.  

Sales have stabilized around $800-820,000 per year with an operating profit between $150,000 and $180,000, and an SDE of $210-$240,000.  That means an owner/operator can walk in and start making over 200K a year from day 1!

Sales are roughly a 70/30 food and alcohol mix with the food style being American/pub food.

Restaurant Notes:

~ Average employee tenure approaching 3 years

~ Nearly every process is documented on a website, ready for a new owner or manager to take over

~ Food and cocktail menus have written recipes, and are costed out

~ Currently purchasing food from US Foods, with a negotiated 3% rebate on all purchases

~ Negotiated deal where total credit card fees of less than 2%, well below national average

~ Online ordering set up and integrated through POS (Toast)

Alexander’s also has a very strong social media presence

~ Facebook page with 4.5K followers

~ Over 1K email addresses

~ 719 google reviews with an average of 4.4 stars

Sellers will help new owners take over and transition. Sale is turnkey including all FFE and liquor license.