Owner Financing is Available!
Business Overview:
Note: The owners of the business also own the property and are willing to consider selling the property along with the business.
This is a BEAUTIFUL full service restaurant with a full liquor license, 2 bars, a veranda, a covered patio with 24 seats, multiple dining areas, and a lounge area. The restaurant space consists of approximately 4,200 sq ft upstairs & approximately 4,500 sq ft downstairs. There are 2 beautiful bars (one upstairs and one downstairs). The downstairs dining area and bar are perfect for private parties and can accommodate up to 90 people. There is an adjacent available storage space that can be rented in order to expand the private dining area to accommodate an additional 50 or more seats.
The restaurant is currently being managed completely absentee. The owners have another business and have no involvement in the day to day operations. They recently had a general manager (paid $75,000 per year) running the business for them along with an executive chef. This restaurant has enough space & parking to do 4 to 5 million per year in gross sales, plenty of room for growth. The pictures of the property do not do it justice. You really have to visit this restaurant in person to see just how beautiful it is. This is a fantastic opportunity for an owner/operator.
You will not find a better restaurant opportunity on the market in this price range.
Note: Pictures of the business can be emailed upon request. Also, a copy of the menu is available upon request.
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:
Gross building area is +/- 8,700 square feet, Base Rent, C.A.M. charges & Real Estate Taxes = $10,580/month. The business owners also own the building so the annual increase & lease term & options are negotiable. Plenty of parking.
Market Competition and Expansion:
This is a rare find and due to its exceptional build-out and over-all interior, is not competing with any other business. This biz also has an enormous amount of available space to hold private events both upstairs and downstairs with a total of almost 9,000 square feet.
Reason for Selling:
The owners are absentee & run an accounting practi
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.