Seller's Contact Information
- RE: Popular Bistro With Great Books In Busy Plaza
- Contact: Kim Capen
Quick Facts
| Asking Price: | $475,000 | |
| Annual Revenue: | $874,578 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $174,104 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $65,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2018 | |
| Employees: | 6 | |
| BBN Listing #: | 755911185 | |
| Broker Reference #: | 170-02318 |
Business Overview:
This popular restaurant offers a variety of American Bistro/Italian dishes made from scratch. The menu is carefully curated by its chef, who sources high quality seasonal ingredients. This small, unassuming bistro tucked into a strip mall has a charming atmosphere, terrific books, amazing equipment, and a great bar for a drink. Efficient bartenders/servers lend the place a “where everybody knows your name” feel. This owner has had it for 5 years but changed the menu in September 2021. Owner has had many restaurants in other areas and has made this Bistro an area favorite. The owner would like to retire for good. 2600 square feet are divided into an outdoor covered area and a cozy bar area with tables inside. Plenty of seating for a private party as well. Open 7 days a week from 11am-9pm. A 2nd grease trap was recently added (cost $35,198) to accommodate more dining tickets. They have a great property owner with a good lease in place and two 5-year options. This restaurant cannot be changed to certain genres currently in the plaza. They include Irish, pizza, French, Mexican, and Chinese, so carrying on the current bistro feel with a similar menu is an excellent choice. Many W-2 employees in place. The best thing is the profit! It just keeps going up because of the terrific location, staff, and food. It would be a great investment.
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Property Features and Assets:
Inventory: $8,000 (Included in asking price). Building Type: Shopping Center. Square Footage: 2,600. Lease/Month: $4,615. Terms & Options: 2 five-year options. Expiration Date: 5/31/2023. Leasehold: $75,000
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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