Bar & Restaurant and Catering With Property Available (#22667)

Asking Price$600,000

Cash Flow
$150,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,500,000

InventoryNot Disclosed

FF&ENot Disclosed

BarSave

Bar & Restaurant and Catering With Property Available (#22667)


Asking Price$600,000

Cash Flow
$150,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,500,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Property and Business Summary: Totally Renovated Bar, Restaurant and Catering Facility With Option To Buy Property

Location & Size: This elegant bar and restaurant is a three-story property with a total area of 4,500 square feet (1,500 square feet per floor).

Features:

Design: The restaurant features a classic design with a private catering room.
Renovations: Completely renovated in 2021, including new furniture, fixtures, and equipment.
Kitchen: State-of-the-art industrial kitchen.
Accessibility: Equipped with an elevator servicing all three floors.
Roof & HVAC: New roof and five new A/C units.
Seating Capacity:

Indoor: 1st floor – 60+ seats; Upstairs – 70+ seats.
Outdoor: 40+ seats.
Parking: Ample parking is available with two municipal parking lots directly behind the property and additional parking on both sides of the one-way street, Pennsylvania Ave.

Financials:

Purchase Price: $2.8 million.
Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.
About the Business
Years in Operation
4
Employees
15
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,500
Rent
$16,500.00 per month
Lease Expiration
1/1/2034
About the Sale
Seller Motivation
Other Business Interest
Transition Support
Yes
Listing Info
ID
2280436
Listing Views
1822

Contact Seller

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Business Listed by: Ziggy Marszalek BizBrokerage Hub

Listing ID: 2280436 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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