Approximately $3 million was spent on remodeling this beautifully designed restaurant and bar. There is a large dining room that seats approx 100+ with a combination of tables and chairs and booth seating, an inviting bar area with a long bar with 20 bar stools and a surrounding cocktail lounge area that seats approx 50, and a banquet room that seats approx 50. There is also a display kitchen, prep kitchen, office area, several storage areas and employee area. Some of the equipment includes as follows: 2 - 12" type 1 hoods + 10' type 1 hood with fire suppression systems, 10' type 2 hood, 4 stock pot burners, , 2 convection ovens, 6 burners over oven, 3 compartment sink, slicer, Robot Coupe, floor model mixer, 4 hand sinks, 2 walk-in refrigerators, counter mixer, utility sinks, 2 ice machines, mop sink, 1 door undercounter refrigerator, 4 ice bins, 2 unit coffee maker, espresso machine, 2 full door freezers, 3 double basket fryers, 4 drawer undercounter refrigerator + sandwich station, 3'6" chargrill, 2 compartment steam table, 3'6" flat grill over oven, cheesemelter, 6 undercounter refrigerator drawers + sandwich station, 6 burners over oven + 6 burners, special use oven, 2 undercounter refrigerator doors + 2 undercounter refrigerator drawers + sandwich station, 4 undercounter refrigerator drawers + sandwich station, convection oven, 2 door undercounter refrigerator + sandwich station, 2 compartment freezer, 2 - 3 door undercounter refrigerators, 10 taps, 2' beer box, 3 compartment sink, many large screen TV's, POS system, With the proper concept this should be a $3 million to $5 million grossing operation.

General Info

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

Facilities

  • Seating150+ and an additional 50 in banquet room
  • Square Feet6582
  • ParkingStreet and parking lots in the area
  • LicensesBusiness, ABC Type 47 (hard liquor)
  • Open HoursLunch & Dinner Daily + Later Bar Hours

Lease

  • Rent$28,608 all inclusive
  • Expiration13 years
  • Yearly IncreaseFixed increases
  • Option2 Five Year Options
  • DepositContact For Info

Financials

  • Monthly Revenue$191,666
  • Monthly Cash FlowContact For Info
  • Annual Revenue$2,300,000
  • 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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