This business has been operating through the Shelter in Place and sales and profits are keeping pace with the same period last year without Covid. This business has been pre-approved for an SBA Loan of between 80% to 90% of the sales price. With somewhere between $50,000 cash down to $100, cash down the bank is willing to finance the remaining balance. $750,000+ was spent in building on this beautiful restaurant in a busy shopping center in a strong demographic location. The restaurant has a large glass frontage and the dining room has an open airy feeling with high ceilings, designer hanging light fixtures, tile floors, stone counters, a combination of counter seats, banquette seating and tables and chairs. There is a display kitchen, prep kitchen, office area, storage areas and ADA bathrooms. Some of the equipment includes as follows: 8' type 1 hood with fire suppression system, 6 burners over oven, 2 -2 door under counter refrigerator (1 with sandwich station), ice maker, full door refrigerator, 1 door under counter refrigerator + 2 under counter refrigerator drawers over sandwich station, 1 compartment steam table, 2 door drop in freezer, wood burning pizza oven, 5 hand sinks, counter mixer, slicer, POS system, 2 group espresso machine, 3 beer taps, 8 wine taps, 3 compartment sink, dish washing sink + rinse hose, walk-in refrigerator, 3 door refrigerator, coffee maker and ice bin, etc.

General Info

  • OrganizationContact For Info
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating59 inside + 50 outside
  • Square Feet1,800 + patio
  • ParkingParking lot
  • LicensesBusiness, ABC Type 41
  • Open Hours7 / Lunch & Dinner

Lease

  • Rent$7,168 all inclusive
  • Expiration11/30/22
  • Yearly Increase3%
  • Option2 Five Year Options
  • DepositContact For Info

Financials

  • Monthly Revenue$156,960
  • Monthly Cash Flow$16,684
  • Annual Revenue$ 1,308,000
  • Annual Cash Flow$ 200,214
  • 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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