A striking, visually stunning steakhouse restaurant and bar, successfully operated for 14 years. This restaurant is located on a busy thoroughfare corner with huge curb appeal inside and out. Annual gross sales revenue is in excess of $3million with seating for 200 including a private dining room for 55 guests and a heated & covered patio for a further 40. Plus, an additional wrap around breezeway with possible seating for another 50.  Excellent lease with extremely reasonable rent and possible 14+ year term.  Established in 2008 this business has an unblemished ABC type 47 license and is THE reputed local spot for exhilarating cocktails, eclectic music with weekend entertainment. Fully equipped hot kitchen including two type 1 extraction hoods with fire suppression system, plus one type 2 oven hood, stove with oven, convection oven, cook n warm, specialty rotisserie spit, salamander, walk-In fridge & freezer, refrigerated worktops plus mixer, 2 icemakers and all the modern gadgets, newly installed industrial, filtered fresh air and kitchen cooling system, industrial water boiler for endless hot water, dishwashing room with custom installed conveyor dishwashing machine. Separate open cold kitchen with additional refrigeration units and displays. Built-in temperature-controlled wine cellar, with brand new efficient split system cooling. The bar and dining room has a modern ambience with soft lighting incorporating a high-tech sound system. The specialized cocktails and creative wine list compliment the dining experience which serves a mix of traditional steak's, fish, chicken & 'Churrasco.' Recent complimentary reviews include; "Service is always amazing, super friendly and helpful, they always go above and beyond!  Food is exceptional, best dishes I've ever had in my life!" The restaurant has over 10,000 VIP members, who voluntarily signed up to receive marketing material, and thousands of social media followers.  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

  • OrganizationInc
  • Established2008
  • Current Owner2008
  • Employees23
  • Reason For SaleRetirement

Facilities

  • Seating290
  • Square Feet5,684 plus 670 Patio
  • ParkingCenter Common & Parking Structure
  • LicensesHealth, Business & ABC Type 47 licenses
  • Open HoursTues - Fri 3.30pm - 10.00pm / Sat 11:30am - 10:00pm / Sun 11:30 AM - 9:00 PM

Lease

  • Rent$17,056 Including NNN
  • Expiration2026
  • Yearly Increase3%
  • OptionTwo 5 year lease options
  • Deposit$10,000

Financials

  • Monthly Revenue$258,000
  • Monthly Cash Flow$50,000
  • Annual Revenue$3,100,000
  • Annual Cash Flow$600,000
  • Payroll$79,166

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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