Business for Sale Overview:
Beautiful upscale casual dining restaurant that offers a good Bar scene with great food. The site enjoys a growing and profitable business with a cash flow of approximately $225,000 annually. This offers a new buyer a truly turn-key opportunity with a desirable client base and expansion possibilities. Seller financing available with 50% down.
Sales: The sales are approximately $982,000 annually.
Cash Flow: The cash flow is approximately $225,000 annually.
Price: The asking price for the business is $405,000. Financing available with 50% down.
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:
Facility: Beautifully built-out restaurant, 3,200 square feet single story facility that consists of a large dinning area, bar, large kitchen, office and bathrooms. A $35,000 bar is being added to the facility.
Condition: The building and facility are in excellent condition. The build-out is beautiful and the space has a very functional layout and design.
Seating: There is seating for 89 persons in the restaurant with an additional 25 seats on the outdoor patio.
Parking: There is more than enough parking. The plaza has hundreds of parking spots.
Equipment: The equipment is in excellent condition and has been well maintained and is of good quality. They have Point Of Sale and Security camera systems.
Lease Term: There is a five (5) year lease with two five (5) year renewals.
Base Rent: The rent is approximately $33,600 annually plus NNN (approximately $500).
Concept: The concept is an upscale casual dining restaurant that offers a good Bar scene with great food and service.
Licenses: Full Liquor License, Entertainment licenses (live music) & Common Victualler.
Hours: Open from 11:30 AM- 9:00 PM Monday – 10:00 PM Friday & Saturday Closed on Sundays.
Reason for Selling:
Other Interests
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.