Hot Listing
$400K Net, MONEY MAKER 7 yr old Contemporary Restaurant & Bar
Business Description
Money Maker! Must see !
A beautifully appointed American restaurant with a very cool unique design, a very popular menu for Dinner, Lunch, and Brunch on weekends, a large lounge bar scene after dinner, very popular for sports etc.
Perfect for an experienced restauranteur looking to own and operate another brand with no headaches. The sale comes with all FF&E and Licenses. Easy transition! BUYER MUST HAVE GOOD CREDIT AND SEVERAL YEARS OF EXPERIENCE OWNING AND OPERATING SUCCESSFUL RESTAURANTS.
Perfect for an experienced restauranteur looking to own and operate another brand with no headaches. The sale comes with all FF&E and Licenses. Easy transition! BUYER MUST HAVE GOOD CREDIT AND SEVERAL YEARS OF EXPERIENCE OWNING AND OPERATING SUCCESSFUL RESTAURANTS.
About the Business
- Years in Operation
- 7
- Facilities & Assets
- 6,000 SF on 1st floor for dining and large bar 234 Occupancy with 200 person seating, operable windows & a large 78 seat outdoor Sidewalk Cafe, a 2,500 SF basement for back of the house operations. NNN Lease
$200,100 ann. / 12 months = $16,675 monthly $33.75 PSF
$ 52,596 ann. / 12 months = $ 4,383 monthly $ 8.77 PSF
Gross Rent $252,696 annual / 12 = $21,058 a month - Market Outlook / Competition
- It is located in a very popular part of town, on a high visibility corner with high foot traffic & vehicular traffic, and many other very popular restaurants and bars.
- Opportunities for Growth
- The current owner is not hands-on, and this business could be more efficient with an owner-operator buyer.
About the Sale
- Seller Motivation
- Seller has other restaurants and is rolling out one of his other concept' s, nee
- Transition Support
- 30 + days of direct contact with owners
- Financing Options
- Possibly! depending on Buyer's credit and a $350K down payment
Listing Info
- ID
- 2321393
- Listing Views
- 12226
Listing ID: 2321393 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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