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Business For Sale
RESTAURANT/LOUNGE/BANQUET HALL FOR SALE
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Asking Price: |
$1,200,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Year Established:
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1997 |
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Yearly Gross Income:
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$1,000,000 |
Business for Sale Overview:
This 2 story icon was built in 1915 and restored in 1997 and is located on the 50 yard line of the entertainment corridor in booming downtown Baton Rouge. Downstairs restaurant seats 100 with outdoor smoking patio. Upstairs private seating for 100 or lounge area for 250 patrons. Hardwood floors for dancing with small portable band or DJ stage. The large cypress bar and red oak back bar is picturesque. Large TV's for sports and other events. Outdoor veranda views the mighty Mississippi River for dining and socializing. This is an unbelievably great business for sale.
Property Features and Assets:
This 9,200 square foot, 2 story restaurant has handicap restrooms on each floor. 10 rooftop AC units. No owned parking, but adjacent to 'honesty box' parking lots. Full commercial kitchen with lots of cooler and freezer space. Staffed and ready for immediate takeover.
Market Competition and Expansion:
This historic establishment is adjacent to several local restaurants and lounges in downtown. One block away from the historical Hilton Capitol House Hotel and Convention Center and two blocks from the new Sheraton Atrium Hotel and Convention Center. Just walking distance from two land based casinos. Downtown Baton Rouge is getting more popular all the time. It has become one of the premier night time locations for national and international artists to perform. With the nationally known Shaw Center for the Arts just blocks away, the cultural shows and art exhibits create a pleasant atmosphere for families and singles.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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