This is a unique opportunity to own a high volume cafe next door to a successful restaurant and bar. This business has been pre-approved for an Small Business Administration (SBA) Loan which means with 20% down the bank will finance 80% of the sales price. The restaurant & bar operation has a unique decor and was recently remodeled at a cost of approx $480,000. The decor is beautifully decorated with unique artifacts, stained glass, a granite top bar with 14 bar stools and a comfortable dining room and cocktail lounge. Some of the equipment includes as follows: 9' type 1 hood with fire suppression system, 6 burners over oven, double basket fryer, 2' x 3' char grill, 2 1/2' x 3' flat grill, 5 TV's, full door glass refrigerator, 3 glass door undercounter refrigerator, 2 ice bins, 3 compartment sink, 3 door undercounter refrigerator, 2 door undercounter refrigerator + 4 taps, hand sink, walk-in refrigerator, ice machine, 3 compartment sink + rinse hose, microwave, 16 zone surveillance system, 2 full door freezer, slicer, counter mixer and 3 POS units, etc. There are also several storage areas and 2 restrooms. The two restaurants share some of the back of the house space. The other cafe has a large glass frontage and the dining room has an open airy feeling with tables and chairs, banquette and booth seating and some counter seats. Some of the equipment includes as follows: 8' type 1 hood with fire suppression system, 4' flat grill over oven, salamander, 6 burners over oven, double basket fryer, 3 compartment steam table, 3 door undercounter refrigerator, 4 taps, 2 group espresso machine, full door glass refrigerator, slicer, rotary toaster, full glass door refrigerator and full door refrigerator, etc.

General Info

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

Facilities

  • Seatingrest/bar 100 approx; cafe 50 approx
  • Square Feet2850 rest/bar; 1650 cafe
  • ParkingStreet and parking lots
  • LicensesBusiness, ABC Type 47 (hard liquor)
  • Open Hours7 days; 6a-10p/10:30p; Noon/2p-11p/2A

Lease

  • Rent$13,000
  • ExpirationNegotiable
  • Yearly IncreaseNegotiaible
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$250,886
  • Monthly Cash Flow$66,917
  • Annual Revenue$3,009,673
  • Annual Cash Flow$803,000
  • Payroll$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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