SBA pre-approved loan requires only 10% cash down. Beautiful restaurant with spacious dining room, bar, open kitchen, fireplace and covered patio with ABC Type 47 liquor license. Completely renovated in 2014 with high grade architectural quality materials including brick walls, wood tiled floors, ample and abundant windows & custom chandeliers. The attractive furnishings create an environment that is warm, elegant, comfortable and inviting. The seller has been successfully operating in the area for over 30 years with a strong customer base and is retiring. Serving upscale pasta, seafood, steak, gourmet pizzas, salads, appetizers, craft cocktails plus, beer and wine daily. Opened with new interior and exterior walls, new flooring throughout, new cooper plumbing and sewer system, new roof, new electrical system, 3 new 3-Phase 480-volt air conditioners, permitted outdoor storage room and 3 ADA bathrooms, one for employees. The lot has 15 parking stalls in addition to street parking. Some equipment includes 2 hoods with Ansul system, walk-in cooler, walk-in freezer, 2 fabulous gas and wood pizza ovens, convection oven, 2 four burner stoves, grill, 2 pizza tables, pasta cooker, prep station, food warmer station, dough proofer, prep tables, 80 qt mixer, ice machine, espresso machine, meat and cheese slicer, food processor, 16 camera security system, Clover POS system with 4 monitors, indoor/outdoor sound system and 3 mounted TV's. Includes attractive tables, chairs, bar stools and patio furnishings and heaters. Real Estate is also for sale if interested.

General Info

  • OrganizationContact For Info
  • Established2014
  • Current Owner2013
  • Employees18
  • Reason For SaleRetirement

Facilities

  • Seating108 inside 15 patio
  • Square Feet3,574
  • ParkingLot and street
  • LicensesABC Type 47 liquor, health department, city business license
  • Open HoursDaily 11:30AM-9:30PM Closes 10:30PM Fri-Sat

Lease

  • Rent$11,500, Triple Net $2,000
  • ExpirationOwner will draft long term, favorable lease
  • Yearly IncreaseContact For Info
  • OptionYes
  • DepositYes

Financials

  • Monthly Revenue$101,772
  • Monthly Cash Flow$20,601
  • Annual Revenue1,221,264
  • Annual Cash Flow$247,213
  • PayrollContact 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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