Price is reduced to $895,000 for this Bar/Restaurant which is Pre-approved for a 10-year SBA loan with only 15% down to experienced operators with good credit. Growth is outstanding with 2021 Sales Revenues of $3 million and 2022 is on a similar track. There is also an experienced management and chef couple currently employed who'd dearly love to be in a minority partnership with the new owner and pay for % ownership which would be a tremendous asset and alleviate the stress of Kitchen and Front of House needs. This modern gastropub has great food, a cool atmosphere and is loaded with craft beers and full hard liquor license. Menu items range from steaks, burgers, salds, 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 in a great Restaurant Row area with a Large outdoor Patio & an excellent amount of free parking capacity. Monthly rent is $21,000 including NNN which includes, water/sewer, trash removal, external grease trap emptying & cleaning & property tax and 4 years plus a 5 year option remaining on the lease giving ample tenure to enjoy future success. 2021 Annual sales in excess of $3 million with profits of $493,000, was priced to sell at $995,000, now $895,000. 5,500 sq ft 'Turn Key' operation with so much growth potential to be even more successful. 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. There is a vast list of equipment included with the sale. 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.

General Info

  • OrganizationLLC
  • Established2010
  • Current Owner2016
  • Employees40
  • Reason For SaleOther Interests

Facilities

  • Seating132 Plus Patio
  • Square Feet5,500
  • 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
  • Expiration2026
  • Yearly Increase3%
  • Option5 year Option
  • Deposit$12,280

Financials

  • Monthly Revenue$251,851
  • Monthly Cash Flow$41,120
  • Annual Revenue$3,022,215
  • Annual Cash Flow$493,442
  • Payroll$85,512

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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