This established business comprises a restaurant, bar and catering operation under one roof. The menu inspires a casual dining experience offering an accessible guest check average for locals and visitors. The beverage concept focuses on a relaxed bar experience with craft cocktails, large selection of draft beer on tap and extensive wine selection. The premises include a main dining room and adjacent bar, large party and event space, plus an ideal outdoor patio in a garden setting. There is a main kitchen with immense type one hood and gas equipment, several food storage walk-in coolers and requisite prep, dry storage and liquor prep areas. A separate catering line kitchen is equally well equipped and services banquets and offsite events. Equipment for both kitchens, main bar and server stations is very extensive and far too detailed to list. The rent and lease is advantageous and assumable, with 3.5% annual rent increases and a 10 year term running until Oct. 1, 2021, after which there are 3 x five year options.

General Info

  • OrganizationContact For Info
  • Established2011
  • Current Owner2011
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating500 plus
  • Square Feet10000
  • ParkingStreet, private parking lot
  • LicensesBusiness, Health, ABC Type 47 Liquor License
  • Open HoursDaily 11a-11p

Lease

  • Rent$16,250 all inclusive
  • ExpirationOct. 2021
  • Yearly Increase3.5%
  • Option3 x 5 years
  • DepositContact For Info

Financials

  • Monthly Revenue$205,000
  • Monthly Cash Flow$16,600
  • Annual Revenue$2,460,000
  • Annual Cash Flow$200,000
  • 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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