Business for Sale Overview:
# The improvements are of good quality construction and are generally in good condition. The second floor bar area containing approximately 930 square feet was added during 2008, directly above the east side of the restaurant building. The addition is accessible via an added outside stair, and is fully enclosed (walls, doors and roof) and appears to have electrical, HVAC, and plumbing lines extended. However, the interior of this area is in “shell” condition, with unfinished walls, flooring and ceiling.
# There is lighting for the outside stage that is currently being stored at an off sight secured location. The winning bidder will be able to obtain the lighting at the conclusion of the sale. This property also has a security alarm system and a portable ATM machine.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The subject is an existing retail property containing 8,556 square feet of gross lease able area. The building was constructed in 1999 and is currently vacant. The property consists of the following:
* General Property Type – Retail;
* Property Sub Type – Restaurant: Full Service;
* Number of Buildings – 1;
* Stories – 2;
* Construction Class – D;
* Construction Type – Wood Frame;
* Construction Quality – Good;
* Condition – Good;
* Year Built – 1999;
* Year Renovated – 2008 (second floor addition – partially finished);
* Building Capacity allowed by Fire Marshall - 814 persons
* Number of Parking Spaces – 131;
* Parking Type – Surface;
* Foundation – Concrete Slap;
* Structural Frame – Wood Frame;
* Roof – Flat Roofs;
* Interior Finishes – Primarily an “open” floor plan:
o Floors – Mostly wood flooring in dining areas; ceramic tile in entry and restrooms; 6”x6” rubber floor in kitchen area.
o Walls – Generally, wood paneling and/or finished sheet rock.
o Ceilings – Mostly 2x4 suspended acoustical ceiling throughout dining and kitchen areas.
o Lighting – Suspended and recessed incandescent lighting in dining areas, fluorescent lighting in kitchen and service areas.
* HVAC – Central HVAC;
* Walk in Cooler – Yes;
* Restrooms – Women’s and Men’s restrooms;
* Sprinklers – Yes;
Market Competition and Expansion:
Bid online 1/25 - 1/27. This property will be available for inspection one time only on Wednesday, January 20th, 2010, between the hours of 10:00 AM and 3:00 PM CT. Prospective bidders wishing to inspect this property must send their request to inspections@bid4assets.com (please include name, telephone number, requested appointment time, and reference auction ID # 430722).
Minimum bid $975,000.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: