SBA loan pre-approved for this highly acclaimed Michelin Guide restaurant located in Seaside Resort city. Annual sales revenues exceeded $1.2 million in 2022, and is for sale for $475,000 with 2022 Profits of $170,000. All employees are long-term and run the day-to-day operations. The owner is semi-absentee but extremely experienced and enjoys working with the Chef inspiring and compiling new menu items. The Buyer needs to be well qualified and have a passion for naturally grown food full of flavor and visually appealing.
The small but well laid out kitchen is fully loaded, including a vacuum sealer and a sous vide immersion circulator, all fully owned with no leased kitchen equipment. 10ft hood with fire suppression system, the kitchen is only 5 years old and has large storage room incorporating the office and a rear entrance for deliveries. The 1000+ sq ft apartment rental upstairs collects $1,650 monthly adding to the bottom line or a restaurant conversion could be tackled which would greatly increase the dining room seating capacity of 45 seats and a bar serving all-natural beer and wines plus a 2 group Espresso machine which don's the back of this solid concrete bar. Easy to maintain concrete floor and quality wall fixtures and paintings. Verifiable Financials, Provable Cash Flow & Consistent Earnings are available for review.This business is SBA loan approved with only 15% down on a fixed rate, 10-year loan.
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.
Co-Listed by Martin Cramer and Keith Simpson
- Current Owner2017
- Reason For Sale Other Interests
- Seating45 + 6 Bar
- Square Feet2,800
- LicensesHealth and Business plus ABC Type 41 Licenses
- Open Hours5.00pm - 9.00pm Tuesday - Sunday - Closed Mondays
- Rent$6,776 including NNN
- Yearly IncreaseContact for Info
- Option5 year Lease Option
- Monthly Revenue$105,422
- Monthly Cash Flow$14,140
- Annual Revenue $1,265,065
- Annual Cash Flow$169,690
- 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.