Fully Equipped Restaurant, Great Location, Good Sales

Asking Price$190,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$407,260

Inventory$7,500
Not included in asking price
FF&E$30,000
Included in asking price
Real EstateNot Disclosed

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Fully Equipped Restaurant, Great Location, Good Sales


Asking Price$190,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$407,260

Inventory$7,500
Not included in asking price
FF&E$30,000
Included in asking price
Real EstateNot Disclosed

Business Description
Fully equipped full restaurant with top-of-the-line furniture and fixtures. Only a little over a year established, and already over $400,000 in annual sales and growing. 3,000 square feet, very spacious, so perfect for private parties and live entertainment.

Has a huge kitchen with a type 1 hood and lots of refrigeration and dry storage space. Seats 70 inside and 26 additional seating outside. It could even fit more seating. Has a full bar and a beautiful upstairs loft.

The monthly lease is very reasonable and has a lot of time left on this lease, too. The over $400,000 in annual sales is more meaningful when you take into consideration this restaurant is only open 5 days a week and literally for just 7 hours a day for dinnertime, and has only been open for just a little over a year. Has a good, solid net income that’s growing, too.

There are so many missed lunch sales and weekend brunch sales. Lotsa more tangible money potential here. Another good, tangible money-making idea, the current owner is basically an absentee owner, only checking in a few hours a week. If a new owner could be more part of the daily activities, it stands to reason sales would go up.

And if the new owner were a chef, just think about the increase in sales and the positive rippling effect throughout. This restaurant has a great location, like a one-of-a-kind concept that separates itself from any of the other food establishments nearby.

Seller is willing to train the buyer and even willing to stay on for a period of time to make a super smooth transition. For you, gourmet chefs or wanna be gourmet chefs, this could be just the right setup for you to serve your 5-star delicious recipes. (That means give us a call on this one.)
About the Business
Years in Operation
2
Employees
3 (2 Full-time, 1 Part-time)
Facilities & Assets
The monthly lease is $4,463 with the triple net included. This lease expires in Aug 2027 and does have a 5-year option to extend. Size is 3,000 sq ft with seating for 70 inside and 26 seating outside. Has a type 1 hood system in place. Large kitchen with lots of refrigeration and dry storage space. Offers a full bar, a private office, and 3 restrooms. There is a lot of free street parking, but also a shared parking lot behind this building.
Market Outlook / Competition
This restaurant has a great location, like a one-of-a-kind concept that separates itself from any of the other food establishments nearby.
Opportunities for Growth
Ways to expand the sales, starting with having an owner-operator in place. Extending the operating hours here to capture the lunch crowds. Perhaps even offering a weekend brunch. There is even room for live entertainment or private parties. With this huge kitchen new owner could even get deep into catering. The operating hours here are 3 PM to 9 PM Thursdays through Sundays. This restaurant is closed on Tuesdays and Wednesdays. Currently, only “Happy Hour” and dinner sales are happening.
About the Sale
Seller Motivation
Family concerns as wife just had a baby
Transition Support
Seller is willing to offer 2 weeks of training; perhaps more could be negotiated.
Listing Info
ID
2458510
Listing Views
5

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Business Listed by: David Smith The Agency NW Real Estate

Listing ID: 2458510 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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