Beautiful, free standing 3600 sq. ft. restaurant located in the Playhouse District with good visibility. Features a well equipped, large kitchen, multiple dining areas, high ceilings, attractive furnishings, 2 fireplaces and seating for 85 or more. Adjacent to other restaurants, theatres, offices and multi-unit residential buildings. Perfect for any concept. Priced well below market price for immediate sale. Ample parking for customers with parking attendant on site. Owner has 3 dedicated parking spots for staff. Low rent for area! Landlord will issue favorable new lease for qualified buyer. Sales in previous years topped $1,500,000. Well equipped kitchen, separate pastry/prep kitchen, wine room, large storage area and office. Includes: 17 ft hooded cook line, grease trap, POS system, double door wine cabinet, walk-in cooler, 2 ice machines, beverage cooler, convection oven, 4 burner stove top with oven, 6 burner stove top with oven, 24" char-broiler, 24" grill, salamander, stock burner, 2 door fridge, ice cream freezer, 4 ft prep station, s/s work tables, ample shelving, microwave. Separate pastry kitchen includes: 8 ft. wood pastry table, proofing cabinet, 2 door freezer, chef's table w/drawer, 2 microwaves, mixer, 5 ft freezer, 3 ft. freezer, pan racks, s/s racks, pots, pans, chafing dishes and lockers. ABC Type 41 license. Fantastic opportunity. Make an offer!

General Info

  • OrganizationInc.
  • Established1983
  • Current Owner1998
  • Employees14
  • Reason For SaleOther Interests

Facilities

  • Seating85
  • Square Feet3600
  • ParkingLot, street and valet
  • LicensesCity Business License, ABC, Health Department
  • Open HoursWed-Sun 5pm-10pm Sunday brunch

Lease

  • Rent$7252.81 rent $1250 triple net
  • ExpirationNew 5 year lease to be issued
  • Yearly Increase3%
  • Option5 year
  • Deposityes

Financials

  • Monthly Revenue$65,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$780,000
  • 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.

Location