Business Overview:
This is a large restaurant and bar located on a high traffic street of the French Quarter. The restaurant provides room service for three major nearby hotels. The casual dining atmosphere is very attractive to tourists stopping by for breakfast, lunch and dinner. The inside of the establishment is beautifully decorated, adorned with paintings from local artists that customers can purchase if they like. Their menu includes a wide array of breakfast choices served all day. Lunch is served every day.
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Property Features and Assets:
The restaurant is located on the ground floor of the building. The size of the restaurant is 7,500 sq feet with a seating capacity of 179 and the building is in great condition. The owner put in $200,000 renovating the interior with the furniture, fixtures, and equipment. The lease is for a term of three years of which 2 years remaining. Lessee shall have the right to renew the lease two additional terms of four years each.
Market Competition and Expansion:
This restaurant is in a busy area of the French Quarter and attracts tourists and locals of all sorts.
Reason for Selling:
Owner wishes to pursue other interests and is relo
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.
Resources: