Business For Sale Listing 151564
Unique Situation for Full Service Restaurant/Bar
Status as of Nov-22-2008 at 06:00 PM: Active
Business Summary
Profitable 10 year old, 4,200 square foot, strip center, full service restaurant and bar in an upscale neighborhood features Rock, Pop, R&B, and Classic Rock band theme nights Thursdays through Saturdays. Stand up comedy nights have cover charges. Restaurant caters to private parties, weddings, and receptions as well. Both restaurant and bar atmospheres have the unique, natural, relaxed, and comfortable feeling required for a restaurant to succeed and establish the ongoing patronage that this one has. The restaurant is known as a fun place to go. Must really see it to appreciate it. The outside patio seats 40, the restaurant 100, and the bar 80. There is more than enough parking. The lease is reasonable, includes CAM, water, and property taxes and is five years with a five year option(s). The restaurant maintains near perfect Health Dept. scores. New five station POS system with a lot of other new equipment. Well done web site. The 2,000 square foot restaurant side features an additional 1200 square foot kitchen that is fully equipped and supported by a large walk in cooler, with three smaller ancillary units. Chef of seven years and total staff of nine are expected to stay with the new owner. The owner has health problems and is highly motivated and will give serious consideration to all expedient offers.
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($832,702) |
| Profits: |
Between $100 Thousand and $500 Thousand (This is a restaurant and there is profit) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $100 Thousand and $500 Thousand (259,000 but the seller is highly motivated.) |
