Reputable Restaurant For Sale with Assumable Lease
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The legacy worth continuing. Judge Realty presents the golden opportunity to purchase and operate the prestigious Belford’s Seafood & Steak, one of Savannah’s cherished fine-dining experiences that’s been in operation for 30+ years in one of the highest pedestrian-traffic corridors in Savannah’s National Landmark Historic District. Belford’s leases 6,665 square feet, that additionally includes the largest private covered patio space providing 60-70 seats at no extra cost. The 3,913 SF main floor offers ample interior seating, elegant bar area with 9-bar stools, exposed live-fire kitchen area, and a gorgeous hardwood stairway that takes you down to the 2,752 SF basement area that’s used for prep and operations. Current ownership infused approx. $440k of capital for new kitchen equipment and renovations in 2022. Purchase the name, FF&E, and assume the existing lease to enjoy below-market rents up to its 12/31/2031 expiration, providing a $200,000+ annual occupancy savings versus market. Negotiable lease extension options are available beyond the current term.
About the Business
- Years in Operation
- 31
- Employees
- Approx. 60 on payroll
- Facilities & Assets
- All FF&E included in the sale of the business
- Website
- https://www.belfordssavannah.com
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,665
- Lease Expiration
- 12/31/2031
About the Sale
- Transition Support
- Seller can provide a short, post-closing operational support training for new owner.
- Financing Options
- Please inquiry directly to obtain/sign NDA. Financials to be provided thereafter.
Listing Info
- ID
- 2520273
- Listing Views
- 13
Attached DocumentsAttachment Disclaimer
(Compressed) Sale Brochure- Belford's-4.pdf
Business Location
Listing ID: 2520273 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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