Business for Sale Overview:
This brand new restaurant is ideally located in a new shopping center with complementary neighbors and nearby residences and office complexes. The restaurant and its equipment are in nearly new condition, including a large kitchen, walk in refrigerator, plenty of storage, as well as an 85 person dining room and adjacent bar with a flat screen television. The owners are in the process of activating a full liquor license (type 47) which should enhance revenues with additional happy hour traffic and extended hours for evening diners. The young restaurant has a promising future considering its excellent location, forecasted residential and commercial tenancies and additional revenues for liquor sales.
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 business is housed in a 3,200 square feet facility with a monthly lease rate of $9,696 including CAM, valid until 2017 with a 5 year option. All of the furniture, fixtures and equipment will be paid off and included in the sale, however the name, menu, and recipes will not transfer.
Market Competition and Expansion:
Competition is considered medium as other restaurants exist in the area, however, this should be a prime location that can capture the growing residential and commercial client base that will be within a mile of this development.
The restaurant’s initial sales at over $40,000 in its first month of operation is a good sign of the businesses future success, and the promise the additional sales a full liquor license should provide. A new owner may change the concept, so long as it does not interfere with the neighboring restaurants, or carry on with the popular Mexican concept currently in place. A full liquor license will allow for the offering of specialty cocktails, margaritas, and an expanded tequila bar to lure in the local clientele.
Reason for Selling:
Other Business Ventures
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.