Revenues have increased during Covid and Annual Sales Revenues of $2 million are now budgeted in 2020. Pre-approved for a long term SBA loan at preferential interest rates with 15-20% down for experienced operators with good financials. This modern gastropub has great food, a cool atmosphere and is loaded with craft beers. Menu items range from burgers, entrees, and numerous small plates. 16 Local draught beers with rotating taps so there is always something new to try. As a bonus this bar and restaurant has a ABC type 47 license with a full bar serving craft cocktails. Located amongst one of the best Restaurant Row areas with a Large outdoor Patio & excellent free parking capacity. Monthly rent is $13,500 plus NNN at $7,000 which includes, water/sewer, trash removal, parking lot restaurant grease trap emptying & cleaning & property tax and 6 years plus two 5 year options remaining on the lease giving ample tenure to enjoy future success. Annual sales in excess of $2 million with 2019 profits of $140,000, priced at $270,000. This 5,500 sq ft bar and restaurant has so much growth potential to be even more successful which is 'Turn Key' ready. A modern kitchen which includes a 25ft Type 1 hood with fire suppression system, two 6 burner stoves with ovens, large broiler, 3 deep fryers, salamander, convection oven with refrigerated worktops. Walk-in and upright refrigeration with floor standing mixer and a full complement of small equipment. The bar/restaurant has a real craft beer, re-claimed wood feel with seating for 120 in a combination of high tops, booths and regular tables with a further 12 bar stools and a further 40 on the outdoor patio. Many wall mounted TV's for that sports bar feel. The vast list of equipment included with the sale is amazing and would make the most seasoned operator salivate. To receive more information and discuss this opportunity with the broker along with the broker's connections for a long term SBA loan solution please 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 & full list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationLLC
  • Established2010
  • Current Owner2016
  • Employees32
  • Reason For SaleOther Interests

Facilities

  • Seating132 Plus Patio
  • Square Feet5500
  • Parking100+
  • LicensesHealth, Business & ABC Type 47 License
  • Open HoursTue 11:30 am - 9:00 pm Wed 11:30 am - 9:00 pm Thu 11:30 am - 9:00 pm Fri 11:30 am - 10:00 pm Sat 10:30 am - 10:00 pm Sun 10:30 am - 8:00 pm

Lease

  • Rent$21,000 Inc NNN
  • Expiration2021
  • Yearly Increase3%
  • OptionTwo 5 year Options
  • Deposit$12,280

Financials

  • Monthly Revenue$141,960
  • Monthly Cash Flow$11,669
  • Annual Revenue$170,350
  • Annual Cash Flow$140,025
  • Payroll$$51,780

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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