This restaurant is located in a highly visible location on a major thoroughfare. The location is a lively retail area with heavy foot traffic 7 days a week in both daytime and evenings. The restaurant recently was remodeled and the owner spent $300K on the recent build out. . All of the equipment, furnishings, and decor are in great shape and ready for a new owner to take over the existing concept or for a new concept to come in and capitalize on this turn-key opportunity. The lease is very favorable; it features low rent and two five-year options at the end of the current terms. The current term is through February 2022 with two five year options that have 2.5% increases each year. The equipment includes an Alto-Sham combi oven with three separate compartments, which allows for cooking at three different temperatures in each compartment simultaneously. There are also two fryers; a 10' type 1 hood; a grill, a one-door refrigerator; a two-door refrigerator; a one-door freezer; a one-door under-counter refrigerator; two counter-top stoves; a prep station with a three-door under-counter refrigerator; another three-door under-counter refrigerator; a three-comp sink.

General Info

  • OrganizationContact For Info
  • Established2017
  • Current Owner2017
  • Employees3 Fulltime 2 Partime
  • Reason For SaleOther Interests

Facilities

  • Seating20
  • Square Feet1100
  • ParkingStreet
  • LicensesBeer and Wine, Health and Business
  • Open Hours11am - 9pm Monday - Friday 12pm-9pm Sat 12pm-7pm Sun

Lease

  • Rent$3,995
  • Expiration2022
  • Yearly Increase2.5%
  • Option2 five year options
  • Deposit8000

Financials

  • Monthly Revenue$35,809
  • Monthly Cash FlowContact For Info
  • Annual Revenue$429,717
  • 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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