This restaurant was recently remodeled per the photos included at a cost of approximately $350,000 and recently closed. There is a large glass frontage, high ceiling, slate tile floors, a display kitchen, ADA restroom, and a combination of tables and chairs and banquette seating. There is a dish washing and prep area and storage area. There is a long term lease and the rent is $3100 per month with yearly increases of $100 per month through 3/2021 plus a 3 year option. The landlord is reasonable to work with and additional time on the lease may be possible. There is a 9' type 1 hood with fire suppression system, grease trap, utility sink, 2 hand sinks and POS system. The following equipment is rented for $1635 month: 2 full door freezer, 2 full door refrigerator, 2 Alta Sham holding ovens, 2 convection ovens, double fryer, 3' grill + 2 burners over 2 under counter refrigerator drawers, salamander, 2 door under counter + sandwich station, 3 door glass under counter refrigerator and 2 door refrigerator. There is a pass thru (a small opening in the wall which opens and closes) which connects the restaurant to the successful bar business next door for serving food to bar customers and the bar owner will allow the new restaurant operator to handle the food service for the bar using the pass thru.

General Info

  • OrganizationContact For Info
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating49
  • Square Feet1,000 approx
  • ParkingStreet
  • LicensesBusiness, ABC Type 41 (beer & wine)
  • Open HoursContact For Info

Lease

  • Rent$3100 all inclusive
  • Expiration21-Mar
  • Yearly Increase$1200 total per year ($100 month)
  • Option3 years
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • 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