Inherit a short term bank debt at only 4% interest rate, landlord security deposit and escrow closing costs and take over this establishment with $1.4million sales revenue in 2023 with original build out costs of $2.2million. The sale includes an ABC Type 47 hard liquor license, fully equipped kitchen, entertainment permit, complete Audio-Visual system, portable stage, projector, and a 300 capacity. The current opening days of Wednesday - Saturday, dramatically minimize the revenues as this restaurant should be open 6 days per week for a huge increase in business. "The perfect spot for a weekend brunch with friends or family. The atmosphere is lively and fun, making it ideal for large groups looking to have a good time. The second-floor DJ adds to the experience by playing the best old-school music, creating a fantastic vibe for brunch. My favorite item on the menu was the chicken waffle and pastrami sandwich which were both absolutely delicious." This is a highly confidential listing and only after a conversation with the Broker concerning a Buyer's experience, financial qualifications & future vision will the name and address of this well-established restaurant & bar business be divulged.  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. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationLLC
  • Established2017
  • Current Owner2017
  • Employees15
  • Reason For SaleOther Interests

Facilities

  • Seating100 + 60 Patio - Capacity allowed 300
  • Square Feet4,000 + 1,000 Patio
  • ParkingContact For Info
  • LicensesABC Type 47 license, Health & Business
  • Open Hours9.00am - 3.00pm Wednesday to Saturday. Closed Sunday, Monday & Tuesday

Lease

  • Rent$13,500 inc NNN
  • Expiration2027
  • Yearly Increase3%
  • Option5 Year Lease Option
  • Deposit$14,800

Financials

  • Monthly Revenue$116,660
  • Monthly Cash FlowContact For Info
  • 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.

Location