Priced at only $250k for this well appointed upscale bar and restaurant Business with a Type 47 Hard Liquor License, Small wares and $1.8 million in Annual Sales. This beautifully designed 8500 sq ft Bar & Restaurant and 2500 sq ft Patio went through complete renovations in 2013/2014 and is in a complete 'Turn Key" condition. Currently doing business as an upscale establishment featuring international food with total seating for 280. A full bar seating 20, the main dining room 140, a private banquet room 40 and a patio for 80. Hard floors throughout with an attractive combination of dining room seating to included booths, private dining areas and community tables. The enclosed spacious patio also has a combination of booth seating with private areas and a center patio feature. The modern well equipped kitchen with it's 16ft line, full line up of stoves, ovens, broiler, refrigeration, walk-in's, prep areas and separate dish wash area complete this restaurant business opportunity. The current owner is quasi-absentee and achieves annual sales in 2015 of $2.1 million. An experienced owner/operator could take this business to $3 million or more. All Furniture, Fixtures and Equipment to remain the landlords property but new restaurant operator may have full use during the Lease. Complete the 'Confidential Information' request at the top of this page and we'll send you the name, address and financials information for this business opportunity. We will also send you the broker contact so you can discuss in more detail.

General Info

  • OrganizationInc
  • Established2002
  • Current Owner2013
  • Employees45
  • Reason For SaleOther Interests

Facilities

  • Seating280
  • Square Feet8500 Indoors + 2500 Patio
  • Parking75+
  • LicensesHealth, Business & ABC Type 47 Licenses
  • Open HoursMon-Thurs 11am - 12pm Fri & Sat 11am - 2am Sun 10am - 10pm

Lease

  • Rent$14,000 Inclusive NNN
  • ExpirationNew Lease Negotiable
  • Yearly IncreaseNew Lease Negotiable
  • OptionNew Lease Negotiable
  • Deposit14,000

Financials

  • Monthly Revenue$154,000
  • Monthly Cash Flow$12,000
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$$52,000

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.

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