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Seller Spent $800k+ in Builout, Asking for $150k

The management used to feature various attractions throughout the week including live blues and jazz performers, and featuring specials on various foods and drinks. The kitchen produced a full menu, with fresh ingredients and with the strictest quality control. Management aims to prepare food that will satisfy vegans, vegetarians, and carnivores alike. They serve coffee and tea from Orinoco Coffee & Tea, a private, family-owned company that provides gourmet coffee and tea exclusively to specialty stores and gourmet coffee and tea shops.

Facilities: It is a large contemporary place with a high ceiling, over-sized bar and dance floor. Total area is 4400 square feet. There is a high ceiling with drop pendant lights around the bar. It has a plasma TV and a great sound system. There are cozy areas with couch sitting as well as areas with tables and chairs. The kitchen is well equipped with hood and grill and lavatory facilities are spacious and attractive. Long term lease is in place.

OPPORTUNITIES FOR FUTURE GROWTH

The owners have a permit to build a concrete wall to shelter the bar from the neighborhood. Alcohol could be served until 11:00 p.m. in this expanded space the available space.

Competition: There is not another establishment of this kind in the immediate neighborhood.

Training: Seller will train new owner for a reasonable period of time.

REASON FOR SELLING

The owners are selling because of personal issues and because they want to turn their attention to other business opportunities. The will provide on-site training to the buyer for a reasonable period of time.