Low Low Rent at only 3% of sales for this cute, quality Seafood restaurant situated in an up and coming area of the City. Completely remodeled in 2014 to include a private dining room, open full kitchen and modern industrial decor. The kitchen has a 10ft Type 1 hood with fire suppression system, burners, ovens, fryer, grill, refrigerated work tops and seafood ice display all make for a cozy but fully functional cooking space. The 1,000 sq ft plus outdoor seating dining room and kitchen is easy to maintain and has a modern ambiance with seating for 45. The beer and wine license is ample for their needs and style. A comprehensive menu with an excellent reputation for using the freshest of ingredients, this restaurant Is making a comfortable 10% annual return on sales of almost $1.5 million and with the owners being quasi-absentee. The lease expires in 2020 but after successful negotiations with the landlord an extension beyond this time will ensure positive future growth. Please complete the 'Non Disclosure Agreement' on our site and we will send you the name and address with the full financial information, lease & the 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
  • Established1990
  • Current Owner2014
  • Employees19
  • Reason For SaleContact For Info

Facilities

  • Seating45
  • Square FeetContact For Info
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 41 License
  • Open Hours11.00am - 10.00pm Daily

Lease

  • Rent$3,827
  • Expiration12/31/2020
  • Yearly Increase4%
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$120,497
  • Monthly Cash Flow$12,867
  • Annual Revenue$1,445,965
  • Annual Cash Flow$154,401
  • Payroll$$47,626

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.

Location