Busy student neighborhood Gastropub with a modern theme offering New American pub grub, burgers & craft beers. Fully Renovated in 2021 including a Super modern, new air conditioned Kitchen with all the very best equipment. The Bar & Restaurant has an authentic Gastropub atmosphere geared towards students. See 2022 Annualized Financials below. There are currently 10 employees servicing 1,885 sq ft of bar and restaurant with an outdoor patio & ABC type 41 beer and wine license with monthly base rent of only $5,000. The owner will help the new owner with training and any assistance needed in ensuring a smooth handover for this well established (2014) popular hangout. See reviews; "The menu is pretty extensive, they've got vegetarian burgers and other kinds of sandwiches too. They have a great selection of beers as well. I got the patty melt. Super tasty, not at all soggy like happens all too often. Fries were nice and crispy. We also decided, even though it was a lot of food, to get the chorizo mac & cheese. It was an out of this world delicious decision." "The people working the place were super friendly, great service. I will definitely go back." "I may have graduated from college 30 yrs ago, but I still know a good college bar/eatery when I see one. This place hit the spot - needed a cold brew and a burger and this place didn't disappoint. Great outside or inside seating. Also had some Flatbread pizza on our table and it was on point." To receive more information and discuss this opportunity with the broker 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
  • Established2014
  • Current Owner2014
  • Employees13
  • Reason For SaleOther Interests

Facilities

  • Seating85 indoors + 30 Patio
  • Square Feet1,885 + Outdoor Patio
  • ParkingStreet and Uni
  • LicensesABC Type 41 Beer and Wine, Health & Business Licenses
  • Open Hours5.00pm - 11.00pm Daily

Lease

  • Rent$5,000 Base or 7% of Revenues
  • ExpirationJuly 2026
  • Yearly Increase5%
  • Option5 yr Lease Option
  • Deposit$5,000

Financials

  • Monthly Revenue$47,333
  • Monthly Cash Flow$9,684
  • Annual Revenue$568,000
  • Annual Cash Flow$116,208
  • Payroll6,250

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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