This place has it all! ABC type 47 liquor license, live entertainment permit, two patios, cigar lounge & great lease. Nicely appointed and remodeled in 2018. With 5700 sq. ft. plus two spacious patios and seating for 279, it is perfect for restaurant, bar, club, corporate events, special events, music/dance venue or a sports bar. There are 36 TV's, 24 beers on tap, a stage and dance floor. Special band nights have brought in $10,000 to $12,000 a night. They currently serve upscale food and cocktails for lunch and dinner daily. The restaurant features a beautiful 30+ foot granite bar with fantastic lighting and spacious dining area. The lounge area comes complete with 8 couches, 4 coffee tables, 10 armchairs and long high-top counter that seats over 30 people. There is a front patio, enclosed back patio and ample parking. Alcohol makes up over 30% of sales. Special lease terms for the next two years include 6 months of rent at $8,000 a month, the other 6 months is at $12,000 a month. That discount goes away in two years or less. Includes: security system/cameras, sound system and POS system. Kitchen includes: keg cooler, walk in cooler, walk in freezer, 2-12 ft hoods and cookline, convection oven, grill, ice maker, 2 fryers, 6 ft char-broiler, 6 burner stove with oven, 4 burner stove, salad prep station, food warmer. Additional areas include: dish washing room, storage room, prep area. Bar has 3 jockey boxes, under counter refrigeration, glass washer, tap system. Business is mostly manager run. Owners are mostly absentee.

General Info

  • OrganizationCorporation
  • Established2018
  • Current Owner2018
  • Employees15
  • Reason For SaleOther Interests

Facilities

  • Seating279
  • Square Feet5700 plus two patios
  • ParkingLot
  • LicensesCity Business, ABC license, Health Department Permit
  • Open HoursDaily 11:00am-12:00am

Lease

  • Rent$12,000 gross-special discount offered next 2 years
  • ExpirationJuly 2023
  • Yearly IncreaseContact For Info
  • Option2- 5 years
  • Deposit$20,000

Financials

  • Monthly Revenue$70,000
  • Monthly Cash Flow$15,000
  • Annual Revenue$840,000
  • Annual Cash Flow$180,000
  • Payroll$$11,988

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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