Pre-approved for a SBA loan with 10-20% cash down! Priced reduced due to current market conditions. Very special restaurant & bar located in a fantastic area with a prime location and high foot traffic. Serving great American steaks, chicken, pastas, burgers, salads, wood fired pizzas, plus craft cocktails and beer. 40% of sales are alcohol, with bartenders serving 300 cocktails a night on weekends! Features a casual décor, floor to ceiling windows, lots of natural light, a huge outdoor dining area plus, firepit lounge area. With indoor seating for 60, outdoor seating for 90 or more. Owner works less than 15 hours a week in the restaurant. Great reviews across the board! Within the main dining room & bar is a large Italian wood fired pizza oven with cold prep station and marble work table. There is a separate wine storage room, office and liquor storage. The kitchen boasts a double hooded cook line and one cold prep line. There is a walk in cooler, walk in freezer, grease trap, separate dishwashing area. Some equipment includes: 3 cold prep stations, grill with oven, salamander, 4 burner stove with oven, 8 burner stove with oven, floor mixer, convection oven with hood, 2 fryers, 2 food warmers, ice machine, 3 door under counter fridge, microwave, slicer, tables, chairs, lounge chairs, sound system inside/out. 2 firepits, 6 ceiling heaters, 12 patio heaters, 10 umbrellas and POS system with 4 tablets. Bar includes: Keg fridge, cube ice maker and 3 under counter wine refrigerators, plus kegerator and bar well.

General Info

  • OrganizationInc
  • Established2011
  • Current Owner2011
  • Employees45
  • Reason For SaleOther Interests

Facilities

  • Seating150
  • Square Feet2600, plus 3000 sq.ft. patio
  • ParkingRear Lot, Street and Public Lots
  • LicensesHealth Dept Permit, ABC 47 License, City Business License
  • Open HoursTues-Thurs 11am-10pm, Fri-Sat, 11am-12pm, Sun 10am-10pm, Closed Monday

Lease

  • Rent$6,900
  • Expiration2025
  • Yearly Increase2%
  • Option4-5 year options
  • DepositYes

Financials

  • Monthly Revenue$187,880
  • Monthly Cash Flow$187,880
  • Annual Revenue$2,254,568
  • Annual Cash Flow$219,677
  • 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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