This unique opportunity has the upside to do sales in the $10 Million + range and in the 90's this business did $8.5 Million in sales. The current ownership does not have a restaurant background so an experienced operator coupled with a serious remodel could turn this opportunity into a $10 Million + sales business. This business is located on a waterfront location and every seat has waterfront views. There are 19 years remaining on the lease and the rent is extremely reasonable for the size of the business. There is a separate bar area which seats 60, separate banquet room which seats 100+ (which includes its own service bar which includes 4 taps, ice bin, 3 compartment sink, POS, 4 door under counter refrigerator) and the main dining room seats approximately 140. The main dining room has a combination of booth seating and table and chairs. There are outside decks surrounding the perimeter of the building which accommodate another approximate 100 seats. There are four restrooms (2 of which are ADA), office areas, several storage areas, 2 employee change rooms with lockers and employee restrooms. There are two kitchens, a large prep area, dish washing area and a receiving area . The main kitchen includes the following equipment: 21" type 1 hood with fire suppression system, upright broiler, 3' char broiler, 2 double basket fryers, 3 - 6' burner stoves with ovens underneath, 3 hand sinks, 4 - half door refrigerator, 2 - 4' under counter refrigerator drawers with sandwich stations on top, 3 compartment steam table, 2 - 3' compartment sinks, 2 utility sinks, slicer, soup warmer, microwave, 3 door under counter refrigerator + sandwich station on top, full door freezer, full door glass refrigerator, dishwasher, dish washing sink + rinse hose, mop sink, POS system, ice machine, bread slicer, 2 door under counter refrigerator, 1 door under counter refrigerator. In the bar area there are 6 TV's, 3 door under counter refrigerator, 3 ice bins, 3 hand sinks, 2 -3' glass door under counter refrigerator, under counter dishwasher, 3 compartment sink, 2 taps, 3 door under counter refrigerator and an espresso machine. The other kitchen includes the following: 10" type 1 hood with fire suppression system, counter model mixer, full door refrigerator, 2 under counter refrigerator doors, 4 compartment steam table + 1 under counter refrigerator door, 4 compartment steam table, dishwasher, dish washing sink + rise hose, 2 compartment sink, stock pot burner, 2- 3' char grills, 2 burners, 2 door under counter refrigerator and 4 half door refrigerator, etc. This is an outstanding opportunity for an experienced restaurant bar operator.

General Info

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

Facilities

  • Seating200+ inside plus 100 outside seats
  • Square FeetLarge
  • ParkingParking garages and street
  • LicensesBusiness, ABC Type 47 (hard liquor)
  • Open Hours7 days Lunch and Dinner

Lease

  • Rent$25,250
  • Expiration4/30/36
  • Yearly IncreaseCPI
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue$205,672
  • Monthly Cash FlowContact For Info
  • Annual Revenue$2,468,064
  • 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.

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