This long time family run restaurant is located in a highly desirable downtown location. Centered in a community which is currently undergoing a boom in mixed use development, this already busy tourist district will see a large influx of residential local patrons in the near future. The building's old world characteristics lend itself to operating under the current concept or a blank slate to bring your dream concept to fruition. The restaurant is in a vibrant downtown location with growth potential. Current owners are operating shortened hours. Increasing revenue by extending operation to 7 days will also be an upside for future restaurant operators. The restaurant has 50 seats indoors and 12 patio seats.  There is space for meetings, parties and special occasions.  The restaurant space is approximately 2190 square feet with rent of $6022/month NNN. Some of the equipment includes: Bakers Pride - Gas - pizza oven, Vollrath H.D. Induction Top 2 burner, Advanco Induction single burner, Alto-Sham holding oven on wheels, 4 compartment steam table, 2 door Pizza Prep table with inserts. Multiple work/prep surfaces with under counter refrigerators. Hobart 60qt mixer, Hobart meat slicer, Waring panini grill, Walk-in freezer and Walk-in cooler box, Top of the line Micro Matic 8 beer tap Glyco chilled keg system with it's own Walk- in cooler, POS System with touch screen monitors, 8 Camera Security System, Beer and Wine License and much more.

General Info

  • OrganizationContact For Info
  • Established1983
  • Current Owner1983
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating50 Indoor + 12 Outdoor Patio
  • Square Feet2190
  • ParkingStreet and nearby Public Parking
  • LicensesBusiness, Health, ABC Type 41 (beer & wine)
  • Open HoursTues - Fri: 11am-8pm, Sat: 12n-8pm, Sun: 4pm-8pm

Lease

  • Rent$6022 + NNN
  • Expiration2023
  • Yearly Increase3%
  • Option(1) 5 Yr
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • 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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