Type 41 Beer and Wine License extended to patio with acoustic till 1AM
Beautiful bright and airy front of house with fully build out kitchen
Asking Price: $199,000 Gross Revenue: $479,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
2267 sq. ft.
This is an amazing opportunity with so much potential! The entire business right now is wedding and corporate catering. The location can be operated as a bar, restaurant, cafe etc. Profitable business model. Our gross revenue in 2017 was only based on catering sales alone. If you were to add in a proper restaurant, cafe or a bar it would be such a fabulous business. Heavy catering business but can easily be turned into a restaurant, lounge, etc. Some of the biggest and newest condo/apartment buildings are being build on each corner of the street. Fully built out and completely compliment and ready to go! Landlord willing to work with lots of different lease options. PLEASE ONLY SERIOUS BUYERS.
About the Business
Building Sq. Ft.:
Asset sale $299,000 - Hood, double convection oven, large walk in cooler, brand new range, and floor hobart mixer, large burner and 40 lb fryer, double door freezer, single door beverage coolers, stainless steel work tables and two dry storage rooms. This building was gutted and completely remodeled. - Type 41 alcohol license with live entertainment until 1:00am. Extends to patio. - Over 35 positive online reviews from brides and won Best of the Knot in 2016 and 2017. Reviews on yelp.com, theknot.com, and weddingwire.com.
There is not a lot of restaurants/eating establishments around here except for one new gourmet chain make your own pizza place on the next block. The market is mainly singles, young working professionals and young marrieds.
Growth & Expansion:
New gigantic high rises on ever corner of our block. UCSD 38 story satellite campus and condos being built right next to us. our company is right across from The New School of Architecture which is a private college and when we operated a small cafe we had tons of business from the students and staff. Our building is the only building on the block that is not part of the architecture school. And the architect school has a 24 hour security guard. He also watches over our building. Owner is debating turning the full lot in the back into more parking.
Will stay on for 3 months to teach, train and do sales etc. Will teach you everything about how to achieve the same revenues as 2017. Will also stay on for a few extra months on top of the three if new owner desires.
Trendy East Village Restaurant and Catering with Type 41 license
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