Established 25 years ago, this 2500 sq ft restaurant with an additional 1000 outdoor patio is located just two blocks from the beach. Fully equipped kitchen with restaurant seating for 75 indoors and a further 40 on the patio. Annual gross revenues in excess of $1.4 million with a huge "To Go" and delivery business. This nice cozy spot is perfect for family gatherings/date nights. If you want excellent customer service this place has it. Parking is in the back and it's a couple of blocks to the beach. The food is authentic and receives rave reviews; "Sunday was a Great experience for me and my boyfriend and we loved our food. Speedy service, ample use of peppers and basil. Ample seating was available, and we felt comfortable eating inside also enjoying Sapporo served in cold glasses." ABC Type 41 beer and wine license included. Monthly rent is $8400 including NNN and CAM charges and there are 3 years remaining with two 5 year lease options to extend. With a huge parking lot, this restaurant has all you could need for a great location, size of space, full kitchen and an excellent reputation. 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
  • Established1998
  • Current Owner2022
  • Employees13
  • Reason For SaleOther Interests

Facilities

  • Seating75 Indoors + 40 Patio
  • Square Feet2,500 + 1,000 Patio
  • Parking100+
  • LicensesABC Type 41 Transfer, Business & Health
  • Open Hours11.30am - 9.00pm Daily

Lease

  • Rent$8,400 Inc NNN & CAM
  • Expiration2027
  • Yearly IncreaseContact For Info
  • OptionTwo 5 year Lease Options
  • Deposit$11,886

Financials

  • Monthly Revenue$180,000
  • Monthly Cash Flow$20,833
  • Annual Revenue$1,400,000
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

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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