This business only operates the restaurant from 7a to 3p and should operate to 10p nightly as this business is located in a very busy intersection. The bar closes 8p on weekdays and 9p on weekends and should be operating to 2a daily. The current owner is not a bar operator so there is tons of upside for a strong bar operator who should be able to generate $1 million + in bar sales only. There is a lot of history for this corner landmark location. The landlord will offer a new five year lease with at least a 5 year option. There is a large glass frontage, a long bar with 14 bar stools, many bar tables and chairs, a separate dining room which seats close to 50. There is kitchen, prep kitchen, full basement with storage, office area and prep area. There are two restrooms including an ADA restroom. Some of he equipment includes as follows: 8' type 1 hood with fire suppression system, double basket fryer, 2' x 2' char grill, 3' x 3' flat grill over 2 ovens, 2 -2 door under counter refrigerators (2 with sandwich stations), ice machine, 6 burners, full door glass refrigerator, 6 flat screen TV's, cash register, 2 -3 compartment sinks (1 with rinse hose), 4 door under counter refrigerator, 15 drafts, ice bin, food warmer, microwave, 6' drop in freezer, slicer, 3/4 door freezer and 9 zone surveillance system, etc. The walk-in refrigerator and ice machine are rented. There are many historical artifacts on the wall included with the sale. The liquor license market value is $250,000 alone.

General Info

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

Facilities

  • Seating 80+
  • Square Feet2000 approx + basement
  • ParkingStreet
  • LicensesBusiness, ABC Type 47 (hard liquor)
  • Open HoursBar & Rest: 7a - 8p/9p

Lease

  • Rent$5,500
  • Expirationnegotiable
  • Yearly IncreaseContact For Info
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$36,900
  • Monthly Cash FlowContact For Info
  • Annual Revenue$442,000
  • 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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