Ovivi's For Sale Restaurant Speak Easy

Asking Price$700,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$840,000

Inventory$15,000
Not included in asking price
FF&E$50,000
Included in asking price
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Ovivi's For Sale Restaurant Speak Easy


Asking Price$700,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$840,000

Inventory$15,000
Not included in asking price
FF&E$50,000
Included in asking price
Business Description
Gorgeous 258 Seat Restaurant with 2 Bars and a Speak Easy on Premises. Lounge for Private gatherings or a Date with Someone Special. 2 Dining Areas with a Stage for Entertainment and Bands. 6961 Sq Ft Space with Dedicated Parking in front and rear. This is the Ultimate destination with Mood lighting and a DJ Booth great for promotions and Parties. Or maybe just for dinner.
About the Business
Years in Operation
3
Employees
8 (4 Full-time, 4 Part-time)
Franchise
This business is an established franchise
Facilities & Assets
Property features with a full kitchen 20 ft of Hood.2 Fryer's 2 Grills, One walk in Cooler and one Freezer. Locked liquor Room locked dry inventory room. Full Security system with cameras. DJ Station custom lighting and Sound System. Property has separate Speak Easy with Hidden Doors look like Bookshelves just like Prohibition. Smokey and mood lighting with a private Bar and Seating for an intimate setting.
Market Outlook / Competition
This is a standalone Building with no near competition. Located near Nova Medical Center and the College. It has a built-in audience. Area is Booming and will provide a string base of clientele.
Opportunities for Growth
The area is growing rapidly due to the expansion of the neighboring hospital and College nearby. So prices of Housing are increasing as young professionals move into the area. Which is the target audience of this facility.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,961
Rent
$12,993 per month
Lease Expiration
7/1/2033
About the Sale
Seller Motivation
Owner is ill and cannot handle the stress of running such a business.
Transition Support
Owner will stay and support new buyer and staff will most likely remain on with new owner
Listing Info
ID
2541279
Listing Views

Listing ID: 2541279 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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