This established freestanding restaurant with a ABC 47 liquor license is on a major thoroughfare and has strong visibility. The restaurant was remodeled and has a full kitchen, banquet room, a separate bar and cocktail lounge, prep kitchen, large dining room with booth seating, banquette seating and tables and chairs, a large basement, an office and lots of storage. The building includes a large, private 2 bedroom apartment for the restaurant operator's use and living quarters. The apartment could be easily rented for $4,000 month, thereby supplementing the total rent, and reducing the operator's restaurant rent to $2,896 per month ($6,896 total rent less $4,000 rent for apartment = $2,896 rent for restaurant). The conservative $4,000 rent for the apartment equates to $1.15 per foot, which is about half of the area's market rent. Some equipment included is as follows: 12' type 1 hood with fire suppression system, double basket fryer + single fryer, 3' x 3' flat grill, 2 door under counter refrigerator + sandwich station, 2 utility sinks, 7' char broiler, 2 full door glass refrigerator, walk-in refrigerator, ice machine, 3 compartment sink + rinse hose, 2 full door freezer, full door refrigerator, microwave, 5 compartment steam table, hand sink, 1 door under counter refrigerator, stock pot burner, 3' x 3' chargrill, 2 burners, 6 burners over oven, 15 employee lockers. The large apartment unit includes 2 bedrooms, 1 1/2 baths, full kitchen, living room area and patio. There are also garages for the apartment units and the apartment unit has its own entrance.

General Info

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

Facilities

  • Seating100 approx + 15 in banquet room
  • Square Feet2,500 approx. + 1,500 apartment + large basement
  • ParkingStreet and some parking on site
  • LicensesBusiness, ABC Type 47 (hard liquor)
  • Open HoursT-S; T-Th & S: 11:30a-9p; F,SA 11:30a-10p & Bar till 2a

Lease

  • Rent$6,896
  • Expiration3/21/2022
  • Yearly Increase3%
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$35,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$420,000
  • 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.

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