Business Overview:
Asset sale. Currently operating with a busy weekend brunch and dinner service during the week. Restaurant is in pristine condition, upscale and modern design, and is only 2 years old. This is a turnkey opportunity to bring your own concept and save money on construction and equipment.
This restaurant has 3,000 square feet including an outdoor patio and is located in a busy area with excellent demographics, visibility, and traffic counts. Lease expires in August 2022 and there are 3 five-year option periods. The rent (including CAM) is currently $12,960 per month.
The listing price includes $177,050 in FF&E, $400,000 in leasehold improvements, and $10,000 in inventory. There are 12 employees including 1 manager on staff. The owner will provide 2 weeks of training to ensure a smooth transition.
The current owner is involved with multiple restaurants and doesn't have time to commit to this particular business.
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Reason for Selling:
Other business interests.
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.
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