Price Reduced to $110k. Currently a highly visible, End Cap Asian restaurant with 2900 sq ft and an ABC type 47 hard liquor license which could be easily converted into a sports bar, American bar and restaurant or another. Low monthly rent of $4900 Inc NNN and a considerate landlord who would grant a new tenant multiple lease options and many years of ownership. There is a full kitchen, bar counter seating 12 plus further bar seating for 25 and a spacious dining room seating 70 and a bonus patio seating 40. The Kitchen is fully equipped with a 20ft type 1 hood with fire suppression system, large Wok stove, 6 burner stove with oven 2 deep fryers and ample refrigerated work tops, large walk-in, Ice machine and dishwasher. All owned with no leases or rental agreements. The full bar has 12 bar stools with TV's and draft beer on tap plus a projection TV. The dining room is a combination of booth and table seating. The corner outdoor patio has high visibility from the road and there is ample parking. The current owner has operated this business for many years and now needs to retire. A 100 bedroom hotel opposite is nearing completion opening in early 2017 which will boost the area's demand for food and drinks. The asking price is only $110,000 for this excellent location currently making $60,000 in annual owners discretionary income. This business could be transferred into another concept and reap the benefit of the location and growing population. To receive full details of this opportunity please complete the Confidential 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 brokers agent contact information so you can discuss in more detail.

General Info

  • OrganizationContact For Info
  • Established1995
  • Current Owner2010
  • Employees10
  • Reason For SaleRetirement

Facilities

  • Seating95 + Patio
  • Square Feet2900
  • ParkingParking Lot
  • LicensesHealth, Business & ABC Type 47 License
  • Open HoursMon-Fri 11.30am-8.30pm, Sat 12pm - 8.30pm, Closed Sunday

Lease

  • Rent4900 inc NNN
  • Expiration2020
  • Yearly IncreaseContact For Info
  • OptionNegotiable
  • Deposit4891

Financials

  • Monthly Revenue35000
  • Monthly Cash Flow5300
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$8000

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