Established steakhouse on a busy thoroughfare in the downtown area of a established city on the Peninsula. The location is situated near retail, offices, and other restaurants, and is within walking distance of residential areas. There is inside seating for 140 and an outside patio for 20 with umbrellas and headlamps. The location is open for lunch and dinner 7 days a week with lots of offices in the area making way for strong lunch business coupled with high residential and families in the area for solid dinner business. There is an opportunity to increase revenue by expanding the cocktail program. The restaurant has an open air kitchen with two 8' hoods on the front line and a wood burning oven, steak broiler and a 6' grill. The front line is also equipped with a two door reach-in refrigerator, steam table, 8 burner stove with oven, a total of four 2 door under-counter refrigerators with prep station, fryer, salamander, multiple hand-washing sinks and video screen order in system. The kitchen is very large and has an employee area, large dry good storage and a huge walk in refrigerator with walk in freezer. connected. The kitchen also has an 8' hood with Rational convection oven, 4 burner stove and oven, two stock pot burners, slicer, chest freezer, ice machine, hand-washing sinks, prep sink, 3 compartment sink area with dishwasher. There is an office area and two restrooms.

General Info

  • OrganizationInc.
  • Established2012
  • Current Owner2012
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating140 Indoor 20 Outdoor
  • Square Feet4961
  • ParkingParking Lot and Street
  • LicensesABC Type 41, Health and Business
  • Open Hours11:30am - 9:30pm Sunday- Thursday 11:30am-10pm Friday/Saturday

Lease

  • Rent$16,103
  • Expiration2022
  • Yearly Increase2.5%
  • Option5 Year Option
  • DepositContact For Info

Financials

  • Monthly Revenue$115,798
  • Monthly Cash Flow$9,587
  • Annual Revenue$1,389,587
  • Annual Cash Flow$115,048
  • Payroll$Contact 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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