$165,000 for this nicely appointed Restaurant & Bar set in an original setting. Established in 2007 by a dynamic husband and wife team along with their long-standing employees this restaurant saw early success and has thrived for 15 years by offering outstanding food quality, local wines & beers and a full bar with a solid reputation for Catering many events either indoors or in their outdoor clear view tent. The established menu offers exciting apps, creative salads, pizza, pasta and favorites like Salmon and grilled Tri-Tip on Ciabatta. Restaurant and Bar space is 2,400 sq ft plus 650 sq ft of storage and an attractive patio seating area to enjoy special events. 2018 & 2019 revenues exceeded $2 million, financials below are from 2018 & 2019. Although 2020 was a disaster for 99% of private restaurants, this restaurant managed sales in excess of $1 million. 2021 is now back on track and business has returned to above the normal 2018 & 2019 monthly business. Extremely low monthly rent of $3,000 representing just 1.9% of revenues with terms to 2025 and further options by negotiation. The bright modern kitchen enjoys a 16ft type 1 kitchen hood with 6 burner stove, flattop, deep fryers and a walk-in cold-room and bags of prep space. 10 craft beers on tap, local wines and a full inventory of popular liquor including some unusual varieties. The dining room is modern in appeal with a combination of booths and tables with bar seating and high bar tables.
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 & comprehensive 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.
- Current Owner2007
- Reason For SaleOther Interests
- Square Feet2400 + 650 + 450
- LicensesHealth, Business & ABC Type 47
- Open Hours11.30am - 8.00pm Tuesday - Sunday. Closed Monday
- Yearly IncreaseCPI
- OptionOne 4 year lease extension
- Monthly Revenue$166,000
- Monthly Cash Flow$14,300
- Annual Revenue$2,000,000
- Annual Cash Flow$172,000
- Payroll 61,000
- 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.