Owner Financing is Available!
Business Overview:
Established American Bistro and Bar with excellent value proposition. The facility has a quaint and appealing looking and feel. The strong and consistent Sales along with the condition of the leasehold improvements and equipment make this a great deal for the asking price. Sales are 40% alcohol to 60% food with an adjusted cash flow of $86,000 per year. This is perfect for a Chef or owner operator.
Facility: This is a 1,800 square feet facility with a 1,400 square foot basement. The condition of leasehold improvements are above average and the facility has functional layout.
Condition: The building and restaurant are in very good condition.
Parking: Private lot and plenty of on-street parking.
Equipment: The equipment is newer and in good working order.
Lease Term: Five (5) year lease with options available.
Base Rent: $2,700 per month triple net.
Concept: American Bistro and Bar.
Seating: 85 seats Plus 25 seats outside.
Hours: 11 am to 1 am
License: Full Liquor License.
Sales: $526,383 per year (40% alcohol to 60% food ratio).
Cash flow: Approximately $68,000 per year.
Price: $125,000 (For the Business).
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.
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.