Although the past 4 years sales averaged over $2 Million due to the restrictions of no indoor dining and on an off outdoor seating allowed during Covid the business was still able to generate $945,931 in sales in 2020. This handsomely designed restaurant and bar is in a prime location in the middle of the high tech growth area with new apartments, retail, offices and a major recreational center in the area. The restaurant has a comfortable dining room with a combination of booth seats and table and chairs, hanging designer light fixtures, a long bar with 18 bar stools, an outdoor seating area which has been expanded by an additional 50 seats and an extensively equipped kitchen. There are several flat screen TV's and a large screen TV in the dining room and bar area as well as large glass garage doors which open to the patio. There is a prep kitchen, dish washing area, 2 ADA restrooms, office area and lots of storage. Some of the equipment includes as follows: a long type 1 hood with fire suppression system, 2 convection ovens, 4 specially designed ovens, 4' cheesemelter, 6 burners, 4' char grill, 2 double basket fryers, 4' flat grill, 3 door under counter refrigerator, 4 -2 door under counter refrigerators, 2 -3 compartment sinks, dish washing sink + rinse hose, under counter dishwasher, 4 hand sinks, 2 ice bins, 28 employee lockers, utility sink, 2 burners, 1 under counter door refrigerator + 4 under counter refrigerator drawers + sandwich station, 2 - 4 under counter refrigerator drawers + sandwich stations, food warmer, 3 full door freezer, 2 bread drawer warmers, mop sink and ice machine, etc. This business only operates limited hours so there is upside for increased hours and also the owners are not hands on owner operators so there is lots of upside for increased sales and reduced expenses. The current rent has been greatly reduced during Covid and the buyer should be able to negotiate a lower rent then the current contract rent.

General Info

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

Facilities

  • Seating150+ approx + 75 outdoor seats approx
  • Square Feet4,752 + large outdoor patio
  • ParkingParking lot
  • LicensesBusiness, ABC Type 47 (hard liquor)
  • Open HoursMon-Sat 11am-9pm : Sun 4pm-9pm

Lease

  • RentNegotiable
  • Expiration7/2023 and negotiable
  • Yearly Increase5% but negotiable
  • Option5 years
  • DepositContact For Info

Financials

  • Monthly Revenue$78,927
  • Monthly Cash FlowContact For Info
  • Annual Revenue$945,931
  • Annual Cash FlowContact For Info
  • Payroll$Contact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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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