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Profitable and Popular Uptown Restaurant/.Pizzeria

Pizzeria and Italian restaurant at the major off-campus destination (Maple St) for restaurants and bars for Tulane and Loyola University students. It is on the student shuttle route. It has 40 outdoor and 60 indoor seating. The outdoor seating is favorited by many locals and voted as one of the best outdoor restaurants in New Orleans by Where Y'At Magazine and City Guide. The delivery service is also established and serves within 2 mile radius, and includes 3 hospitals and 1 major corporation within its delivery area. The student dorms are also within easy access (less than a mile). Total student enrollment in the two colleges reach to about 20,000. The total number of households within the delivery area is 18,000 and receive direct mail regularly. The building is owned and also for sale with the business (priced separately @ $585,000). The lease will be $5,000 net operating lease if only business is purchased. The taxes and insurance is roughly $10,000 annually. This is a great opportunity for someone who's looking to own/invest in a restaurant or for a pizzeria owner looking to move to New Orleans without going through the start-up phase again. If you are only looking for a lease with some equipment already installed, this may not be the right choice for you, because this is a fully operational, income generating business and priced as such.

Property Features:
The restaurant property sits on a 30x120 ft lot and has 3 parking spots in front of it. It has full liquor license, including a catering license. It has roughly 2,000 sqft. of space inside. Most of the A/C and refrigeration equipment, including the walk-in cooler, is replaced in the past 4 years.
The property is not flooded during Katrina and had minor wind damage to its outside structures (patio, signs, duct work, etc.). There are no other claims on its 7 years of insurance history. It is at a higher elevation and not required to have flood insurance according to FEMA maps.