Business for Sale Overview:
Prime Corner Neighborhood Restaurant/Bar with Entertainment License
Offered at: $195,000
Revenue: $90,000 per month
Listing Description:
One of the key corners in the city with a restaurant and separate bar area with a Type 47 (full liquor) and Place of Entertainment License. This operation is one of the oldest continuously operated bar restaurants in the city since 1938. This uniquely designed business was recently remodeled at a cost of $300,000 and features a large glass frontage, high ceilings, skylights and a combination of banquette seating, booths and tables and chairs. This Business Has The Only Full Bar/hard Liquor License And Place Of Entertainment License In The Entire Neighborhood. There is tremendous upside for increased sales and profits with a new menu and concept. Some of the equipment includes as follows: 8' and 10' type 1 hoods with fire suppression systems, 3 - 6 burner units with ovens underneath, double basket fryer, salamander, 1'6" x 1'6" char grill, 4 - 3 door undercounter refrigerators ( 2 with sandwich stations), 10' x 10' walk-in refrigerator, ice machine, 2 full door freezer, Aloha POS system with 3 monitors and 4 printers, 3 compartment sink, 2 ice wells, and 4 taps, etc. There are also two ADA restrooms, a large office with large safe and storage areas.
General Information:
Organization: Corporation
Seating: 90
Square Foot/Size: 2,200
Parking: Street
License(s) Required: ABC Type 47 (Hard Liquor), Place of Entertainment, Business
Days Open/Hours: 7/ M-F Lunch 11:30a-2:30p Dinner 7 nights 5:30-10p Lounge open to 2am
Lease Information:
Lease Rent: $12,750 per month
Lease Expiration: 5 years
Yearly Adjustment: CPI
Lease Option: 5 years
Security Deposit: $40,000 plus first/last moths rent.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.