This freestanding waterfront restaurant and bar consists of 3,400 sq.ft and has been established for over 30 years. It has a long history of generating revenue in the neighborhood of $1.5 MM. This restaurant can be converted to other concepts with the exception of PIZZA, SUSHI and SEAFOOD. The current operation has suffered due to the owner's health condition. The fully equipped kitchen includes an upgraded 18 ft. hood, a walk in cooler and many other upgraded appliances. The great location, scenic bay view, upgraded equipment, type 47 ABC license and a new lease makes this a no brainer for an experienced restaurateur. Very motivated seller. NO BROKER COOP

General Info

  • OrganizationContact For Info
  • Established1980
  • Current Owner2012
  • EmployeesOwner: 1 FT, Employees: FT: 3, PT: 5
  • Reason For SaleOther Interests

Facilities

  • Seating120 indoor plus 40 Patio
  • Square Feet3,429
  • ParkingContact For Info
  • LicensesBus, Health, ABC Type 47, Resale, Food handler
  • Open HoursTue to Sun 11:00 a.m. to 9:00 p.m

Lease

  • Rent$9,824
  • Expiration1/13/17
  • Yearly IncreaseContact For Info
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$45,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$540,000
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

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