This business is for the experienced and well qualified operator with good credit and many years of bar & restaurant experience prepared to operate this seasonal restaurant with annual sales of $2.5 million and annual profits of $350,000. Full financial disclosure is available to qualified buyers and an SBA loan has been pre-approved for this business so well buyers need only 25% down. This fully loaded 5,400 square feet bar and restaurant is complete with a large patio and a ABC type 47 hard liquor licensed bar and restaurant seating 220. There are Private dining areas suitable for large parties and a modern kitchen well equipped to handle an increase in volume. Rent is just 6.5% of monthly sales, no minimum. First qtr, Jan - March 2016 sales exceeded $1 million with profits of $200,000. In the same ownership since 2008 with an excellent reputation and a captive audience. Fully fitted to an extremely high standard throughout and completely 'Turn Key.' Located on a main thoroughfare with high visibility and high demand which makes this a 'Special' restaurant in the area. Classy, spacious, versatile, successful and profitable best describe this bar & restaurant business opportunity. To receive full details of this opportunity please complete the äóÖConfidential Information' request at the top of this page and we'll send you the name, address, financials & lease information. We will also send you the broker's agent contact information so you can discuss in more detail.

General Info

  • OrganizationContact For Info
  • Established2008
  • Current Owner2008
  • EmployeesFrom 30-70 Seasonal
  • Reason For SaleOther Interests

Facilities

  • Seating220
  • Square Feet5444 + Patio
  • Parking100+
  • LicensesHealth, Business & ABC Type 47 Licenses
  • Open HoursDaily 11am - 10pm

Lease

  • Rent6.5% + NNN
  • ExpirationNew Lease
  • Yearly IncreaseContact For Info
  • OptionNew Lease
  • DepositNew Lease

Financials

  • Monthly Revenue190000
  • Monthly Cash Flow30000
  • Annual Revenue2600000
  • Annual Cash FlowContact For Info
  • Payroll$68975

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location