No cost has been spared on this first class Steak Dinner House with a ABC Type 47 Hard Liquor License. Truly an upscale, turnkey operation which is also pre-approved for an SBA 10 year loan for up to 80% of the purchase price. Currently only open 6 evenings a week, so there is a huge opportunity to grow the business by opening Saturday and Sunday Brunch and still enjoy Monday closed and every weekday. Located in an upscale area with an appealing front patio seating 35 and an immaculate dining room seating 72 inside & a private room for 25 and 8 barstools. 18 Craft beers on tap using two Glycol systems for the beer stored in a rear walk-in. The tables, chairs & place settings are all beautifully laid out along with a craft wood back bar and a hardwood floor throughout. The front line Kitchen has a 12ft Type 1 hood with fire suppression system, 6 burner with oven, flattop, broiler, deep fryer, salamander, refrigerated under counter protein storage and 2 refrigerated worktops plus steam tables. The rear prep kitchen has a 6ft Type 1 hood with fire suppression system with 6 burner stove with oven and deep fryer. Four 6ft stainless steel prep tables with many upright fridges, large food mixer & high temp dishwasher. So much rear storage for dry goods and large ice machine, office and a veg prep room for handmade french fries etc. If it's an easy handover you are looking for with no more investment required you won't find a better restaurant opportunity. Complete the 'Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease, photo's & a list of equipment included with the sale. We'll also send you the Broker's contact information so you can discuss this opportunity in more details.

General Info

  • OrganizationLLC
  • Established2000
  • Current Owner2013
  • Employees9
  • Reason For SaleOther Interests

Facilities

  • Seating72 + 35 Patio
  • Square Feet1709 + 444 Front Patio
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 47 Licenses
  • Open Hours4.30pm - 9.00pm Tuesday-Sunday. Closed Monday

Lease

  • Rent$4,500 Inclusive of NNN
  • Expiration2023
  • Yearly Increase3%
  • OptionTwo 5 year Options
  • Deposit$2,300

Financials

  • Monthly Revenue$70,833
  • Monthly Cash Flow$17,177
  • Annual Revenue$850,000
  • Annual Cash Flow$206,118
  • Payroll$$23,747

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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