Fully Equipped Restaurant, Great Lease Downtown

Asking Price$110,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

Inventory$15,000
Not included in asking price
FF&E$30,000
Included in asking price
Real EstateNot Disclosed

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Fully Equipped Restaurant, Great Lease Downtown


Asking Price$110,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

Inventory$15,000
Not included in asking price
FF&E$30,000
Included in asking price
Real EstateNot Disclosed

Business Description
Established and fully equipped restaurant with all the bells and whistles. This is fine dining at its finest. Beautiful furniture and fixtures. A spacious open floor plan of 5,000 square feet. Offers private booth seating and a full bar.

This kitchen is a chef’s playground with a type 1 hood, walk-in refrigeration, plenty of storage space, and room enough for a big chef to make big things and all the little chef helpers.

This is located in the downtown area, where there is a huge customer base for you to cater to. There are colleges, theaters, and businesses galore just a walk or short drive away. So, for customers and possible employees, you’d be looking good.

There is excellent potential with this restaurant, as the current owner is an absentee owner here. Current owner is paying full staff to include an executive chef and a front of the house manager. On top of this, the restaurant only serves dinners 4 nights a week. (For a total of only open 24 hours a week). The lease here is also somewhat worth bragging about, with lots of time left on it and at only $5,500 per month.

This restaurant does over half a million in sales annually, but with an owner-operator in place daily, these sales could stretch to $600,000 or $700,000 annually with a solid six-figure net income.
Other kinds of food concepts that probably would do well here are a diner or Indian cuisine. Or perhaps take advantage of this space and sublease this restaurant out in the mornings to a Chef du Petit Dejeuner (which means breakfast chef). It’s win-win as the breakfast chef could get a very low sublease but have access to a beautiful restaurant set up. Also, for you, the new owner, it’s an excellent extra passive income. That sentence even tastes good!!!
About the Business
Years in Operation
4
Employees
10 (3 Full-time, 7 Part-time)
Facilities & Assets
The monthly lease is $5,500 with the triple net included. Current lease expires in May 2028 and does have a 5-year option to extend. Has 5,000 square feet with seating for 85 inside and room for more seating outside. Is fully equipped with a type 1 hood system set up and a walk-in refrigerator. Plenty of refrigerated and dry storage is available. Top-of-the-line furniture and fixtures. Has a full bar setup. Street parking.
Market Outlook / Competition
No same food concept competition. There is excellent potential with this restaurant, as the current owner is an absentee owner here. Current owner is paying a full staff to include an executive chef and a front of the house manager. On top of this, the restaurant only serves dinners 4 nights a week. (For a total of only open 24 hours a week). Lots of missed sales. With an owner operator in place daily and adjusting the operating hours, some if not many, of these expenses could be erased, and profits would surely rise. If you keep the same concept, also included in this purchase are social media accounts, Instagram, Facebook, TikTok, with about 5,000 followers, and an email list of about 6,000 names.
Opportunities for Growth
There is excellent potential with this restaurant, as the current owner is an absentee owner here. Current owner is paying a full staff to include an executive chef and a front of the house manager. On top of this, the restaurant only serves dinners 4 nights a week. (For a total of only open 24 hours a week). Lots of missed sales. With an owner operator in place daily and adjusting the operating hours, some if not many, of these expenses could be erased, and profits would surely rise. If you keep the same concept, also included in this purchase are social media accounts, Instagram, Facebook, TikTok, with about 5,000 followers, and an email list of about 6,000 names. No same food concept competition.
About the Sale
Seller Motivation
Seller downsizing
Transition Support
Seller offering 2 weeks of training.
Listing Info
ID
2505695
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Business Listed by: David Smith The Agency NW Real Estate

Listing ID: 2505695 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.