Premiere restaurant for sale. Just celebrated one year anniversary. $960k in sales first year while closed Sundays and Mondays for first 10 months. Now open seven days a week. All the heavy lifting has already been done for you!. Great food and service receives 4 plus stars on Yelp. This mid-market steakhouse with a Mexican flare is ready to explode! Already a local favorite. Just needs some additional smart marketing and detailed management to take the next step toward sales in the $2,000,000 a year range. Kitchen and dining room have the capacity for that volume of business and more. Two separate dining rooms seat 40 guests each. Beautiful old school wood bar seats 15 and bar lounge area an additional 18. The large covered patio (1,371 sq ft) overlooking park seats 60 and is awesome during good weather and easily sealed for heating and use during colder days ( this city has some of the best weather in the world). Separate music room (933 sq ft) with stage, lighting and dance floor, seats 50 and is also used as banquet/private party room. Kitchen is very large and well equipped with two separate prep areas, plenty of dry storage, three server stations, separate office, bathroom, walk in cooler and freezer, and employee locker area. Large hood system in two separate areas. Locked liquor room. So much potential. Good systems in place for a first time operator. Minor touches from seasoned operator could be implemented quickly. Solid staff in both front and back of the house. Current ownership group are restaurant savvy but have separate careers and not able to put in the necessary time to grow the business properly. This space must be seen to be fully appreciated!

General Info

  • OrganizationCorporation
  • Established2018
  • Current Owner2018
  • Employees20
  • Reason For SaleOther Interests

Facilities

  • Seating230
  • Square Feet5,516
  • ParkingPlenty onsite. In a business park that empties out after 5:00
  • LicensesABC Type 47, Health, Business
  • Open Hoursseven days a week. 9:00 AM to 10:00 PM Sat and Sun 11:00 AM to 10:00 PM Monday-Friday

Lease

  • Rent$11,000
  • Expiration08/2028
  • Yearly IncreaseCPI
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue$80,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$960,000
  • Annual Cash FlowContact For Info
  • Payroll$$11,800

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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