This long established bar and restaurant with it's ABC type 47 hard liquor license represents a huge opportunity for an buyer looking for an attractive restaurant and bar in a booming Midtown location, see photo's. This business has been in the current ownership since 2001 and boasts $1.2 million in annual sales with a healthy owners discretionary income. The owners are quasi-absentee leaving much of the day to day operations to the management. There is a valuable ABC type 47 hard liquor license included with the sale. The kitchen is fully loaded with a 12 ft Type 1 hood and fire suppression system, 2 deep fryers, turbo broiler, range with oven, hot and cold table, large walk-in cooler with freezer, sandwich/dessert table, 600lb Ice maker, ample prep tables and refrigerated worktops. The dining room has seating for 100 in a combination of booths and table seating, with a further 15 seats at the Sushi bar plus 12 seats at the Alcohol bar plus patio seating for a further 25+. Included with the sale is a Micros POS order/control system and all equipment currently in use to operate this successful business. A highly competitive rent of $2.70 per sq ft. Please complete the 'Non Disclosure Agreement' on our site and we will send you the name and address with the financial information, lease & the full list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationContact For Info
  • Established2001
  • Current Owner2001
  • Employees5 FT and 20 PT
  • Reason For SaleOther Interests

Facilities

  • Seating100 + Patio 25
  • Square Feet3000
  • ParkingStreet
  • LicensesHealth, Business and ABC Type 47 License
  • Open Hours11am - 11pm Daily

Lease

  • Rent$8,095
  • Expiration2021
  • Yearly Increase3%
  • OptionNegotiable
  • Deposit8095

Financials

  • Monthly Revenue$90,000
  • Monthly Cash Flow$9,000
  • Annual Revenue$1,080,000
  • Annual Cash Flow$104,000
  • Payroll$278000

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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