Nationally recognized Turnkey, attractive storefront restaurant fronting a busy street. The establishment benefits from heavy weekday lunch traffic and hundreds of new high-rise apartment and condo residents. There is immediate upside by expanding the hours of operation. The establishment is suitable for a wide variety of food uses. A partial list of the furniture, fixtures, and equipment included in the sale follow: 6 burner Garland stove with convection oven; 6 burner American stove; 24" gas grill; (2) Frymaster deep fryers; (2) food warmers; Manitiowic ice machine; 5' and 4' True worktop reach in frig; 32"x 72" Arctic air freezer; 54"x 72" Traulson 2 door frig; (2) commercial microwaves; Kitchen Aid mixer; Waring food processor; 26" Arctic air under-counter frig; (2) POS systems; (4) printers; (12) metal bar stools; (6) outdoor chairs; (18) wooden chairs; (7) dining room tables; (2) stainless steel bar tables; Daikin and Friedrich AC; 48" heat lamp; Panasonic cordless and wireless phones; (2) cash drawers; (3) ceiling fans with lights; (6) stylish light fixtures; stainless steel shelves, stainless steel tables; dishes, glassware, and flatware. Employees unaware of sale. Back of the house inspection by appointment only. Revenue is projected on 2019 sales.

General Info

  • OrganizationCorporation
  • Established2016
  • Current Owner2016
  • Employees6 PT
  • Reason For SaleRetirement

Facilities

  • Seating32 and 8 patio
  • Square Feet1050
  • ParkingStreet
  • LicensesABC 41; Co. Health permit; City business license.
  • Open HoursTu-Wed 11a-3p; Th-Fri 11:30a-3p and 4:30p-8p; Sat 2p-8p

Lease

  • Rent$4130 includes $334 NNN
  • Expiration10/15/21
  • Yearly Increase4%
  • Option3 year adjusted at 4%
  • Deposit$1,500

Financials

  • Monthly Revenue$41,037
  • Monthly Cash Flow$5,249
  • Annual Revenue$492,444
  • Annual Cash Flow$62,988
  • 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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