Don't miss out on this A+ corner location on College Avenue.  This restaurant opened in 2013 and has produced strong sales, profits and a very loyal customer base.  This business has a longstanding veteran staff as to maintain a consistent and quality product.   The corner location has ample sidewalk seating space available and could accommodate at least 18 seats.  A new owner could also apply for a parklet space to increase outdoor dining options.  The authentic and well maintained interior currently has 34 seats, as set up during the Pandemic, but with room for 15-18 or more seats.   There would also be room to convert part of the service area space into a private dining room area, as one existed prior to this operator's remodel.   There are two restrooms and a host area for guest check in.  The fully equipped kitchen includes a 12 ft type-1 hood.  There is plenty of storage space as well as a basement that houses the water heater.  A full equipment list is available upon request.    This location has a wonderful and supportive landlord.   The monthly rent is $3800 and the lease has approximately three years remaining with a 5-year option.    Sales reached almost $1,000,000 in 2019.  This restaurant has very strong take out and delivery volume, which helped during 2020-2021.    Don't miss out on this opportunity to live the saying, " Location, Location, Location!"  

General Info

  • OrganizationLLC
  • Established2013
  • Current Owner2012
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • SeatingContact for Info
  • Square Feet1,600
  • ParkingEasy Street Parking
  • LicensesHealth and type 41 ABC license
  • Open HoursLunch 4Days/week, Dinner 6Days/week, closed Sundays

Lease

  • Rent$3,800 +nnn
  • Expiration07/31/2024
  • Yearly Increase$100/yr
  • Option1-5yr Option
  • Deposit$3,000

Financials

  • Monthly Revenue$82,429 in 2019
  • Monthly Cash FlowContact for Info
  • Annual RevenueContact for Info
  • Annual Cash FlowContact for Info
  • Payroll$Contact 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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