American Style Bistro & Lounge For Sale

Business description

Great opportunity to make significant gains with this American Style Bistro & Lounge. The facility is like new and has a very appealing look and feel. The business is currently running way below its’ potential due to the limited hours and absentee owners. Food accounts for 65% of sales; however a new Owner could easily move towards more food or focus on alcohol sales. Sales could be grown dramatically with the longer hours and new energy. This is the perfect fit for a Chef or Owner Operator.
LICENSES: Full Liquor License, Full Entertainment License and Live music
SALES: Approximately $275,000 per year (with limited hours of operation)
PRICE: $197,000

Property information

Real Estate:

Lease

Lease terms:

LEASE TERM: (3) year lease with three Five (5) options.
BASE RENT: $2,000 per month (well below market rate)

Leasehold rent:

$24,000 per annum

Premises details:

The space is approximately 2,500 square feet; the facility has been beautifully built-out and consists of a very functional floor plan with a large open kitchen.
CONDITION: The building and restaurant are new and in Excellent condition.
PARKING: Plenty of Parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: (3) year lease with three Five (5) options.
BASE RENT: $2,000 per month (well below market rate)
CONCEPT: American Bistro & Lounge
SEATING:75 seats (Outside seating option available)
HOURS: 4:00 PM – Midnight Tuesday - Sunday (Can stay open for longer hours)
LICENSES: Full Liquor License, Full Entertainment License and Live music

Size in square feet:

2,500

Other information

Support & training:

Training will be provided

Reasons for selling:

Owners are not Industry people

Trading hours:

4:00 PM - Midnight

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Some Seller Financing Available for Qualifed Buyers

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)