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Quick Facts
Asking Price: | $249,000 | |
Annual Revenue: | $1,400,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $150,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $350,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 866033937 | |
Broker Reference #: | BRNFRD CAR |
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Business Overview:
This is a rare opportunity to own a successful bar/restaurant in a high-end East shoreline area. The business has a prime location on RT 1 with high traffic and visibility right off highway. It has a spacious 4,000 square feet area with 40 cozy bar seats, 30 outdoor patio seats, and 75 dining seats. The rent is very low at $6,600 per month, and the current burdening payroll includes a chef who earns $100,000 per year, which can be easily adjusted. The business has been operating for 8 years and offers dinner every night and breakfast and lunch for 5 days a week. There is a lot of room for growth and improvement for a new owner who can take this business to the next level. Come and see for yourself why this is a must-see opportunity, for any aspiring restaurateur act now.
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Property Features and Assets:
4,000 bustling square feet, 40 electric bar seats, 30 inviting patio seats, 75 money making dining seats, meager $6,600 rent NNN, heavily traveled RT 1 location, ambience like no other, upscale East shoreline community, exceptional opportunity for chef owner present chef earns $100,000, established 8 profitable years, one of kind must see opportunity, open 7 busy days 5 of which includes breakfast lunch & dinner, huge upside potential.
Market Competition and Expansion:
Competition: Heavily traveled RT 1 location and great visibility Growth & Expansion: Trimming top heavy payroll is the key here.
Reason for Selling:
Other business interest.
Additional Details:
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