Business for Sale Overview:
Nifty Restaurant/ Lounge located in Englewood. Two floors with two bars and turns into club after 10:00 pm. Food and menu are fantastic-fashion of sushi and American fare. Recently owner could not take the long hours and closed for lunch. Business was on track to do 1,600,000 until then. Trendy interior with downstairs bars and club room at entrance. 2nd floor has bar and seating for 80. Separate function room used constantly for pharmaceutical dinners. Average dinner check 45.00 cocktail hour 4-7. Bar represents 65% of total income. 9 Flat screen satellite TV's throughout, fully computerized with internal cameras set up. Fantastic opportunity to infuse steakhouse concept with present menu, nearby steakhouse closed by building Dept. Plenty of parking. 25 spaces on premises, over 100 spaces nearby. Potential to expand 2,000 sq. ft. Available adjacent to restaurant and now a clothing boutique can be converted for dinner crowd and late evening club atmosphere-where business is showing great strides of growth. Liquor license is worth $450,000, does over 30% cash.
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:
New facility 4,200 sq ft with over 17 year lease, everything completely updated, on site parking for 25 cars. Over 100 additional parking spaces nearby. Interior of business very trendy, outside seating for 20.
Market Competition and Expansion:
Several restaurants located in area; Blue side grill is the only one with diverse menu including sushi and American fare - one of very few with own parking. Re-open for lunch to get back trade lost, starting delivery, pick-up. None near by from a first class restaurant, bringing steak/chop menu to merge with present sushi/American menu. Additional space available, 2,000 sq ft to complement this change.
Reason for Selling:
Other business interest
Additional Details:
- The property is leased.
- The owner is 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.
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