Seller's Contact Information
- RE: $126,000 NET Very Popular Indian Restaurant & Bar
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $780,000 | |
| Net Profit: | $126 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 5 | |
| BBN Listing #: | 435059836 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
This Turn-Key business has tons of potential and a strong following! This restaurant is a casual-elegant restaurant that prides itself in food quality and customer satisfaction. The current owner is absentee and the operating partner receives a salary of $4,500 per month with is added back into the NET otherwise you can run it absentee and make around $72,000 per year. The business has been around for over a decade with a strong following. The owner hasn't had the time to market it to its full potential since they have multiple businesses but the increase in revenue should be easy with a new fresh dedicated owner. The restaurant also has a full bar as well and very large kitchen with a 3 hoods and 3 walk-in cooler and freezer. The restaurant sits in the middle of a very busy shopping center near major highway intersections. The restaurant is 4,100 square feet with a outdoor patio as well and a lease of only $7,650 per month with all NNN Included with no increase with 4 years remaining and a 5 year option. Seller has all the staff in place that have been with them for years and will stay with the new owner. They also have a space next to restaurant that could be converted to a small grocery store as well that is included in the lease but is currently used as storage. Hurry up this won't last long.
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Property Features and Assets:
4,100 Square feet restaurant with bar and patio outside.
Market Competition and Expansion:
Tons of room for growth with more time and a dedicated owner. The Brand is very strong!
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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