Must Buy!! Opportunity for this fresh, high-energy, profitable North Shore restaurant and bar steps to the ocean. The space is well laid out with a massive bar and a modern bright open dining area leading to two outdoor patios. This popular spot has enjoyed huge success with tourists and locals alike! Great staff in place with an excellent reputation for food, drinks and service. Perfect for an owner/operator looking to step right in and make money on day one, or for someone looking to expand their brand. The space is adaptable to just about any concept. Easy menu, short hours, low overhead, excellent staff in place and significant upside to increase sales and profitability. What more could you ask for?! This is a must see! The seller wants a quick sale, is reasonable, and offering excellent seller financing terms with 100k down payment to help make a deal happen!! Buyers – call for a showing of this rare must buy opportunity today!!
FACILITY: Excellent space in a well-maintained facility across the street from the beach
PARKING: Street and public lots
EQUIPMENT: The equipment is in excellent condition and has been well maintained
LEASE TERM: 6 Years (One Ten Year Option)
BASE RENT: $5,200 (Includes Triple Nets)
CONCEPT: Restaurant and Bar
SIZE: 5,000 square feet
SEATING: 120 seats additional 32 seats on the patios
LICENSES: Full Liquor and Entertainment Licenses
SALES Historically in the One Million Range (50% alcohol)
CASH FLOW: $169,000
ASKING PRICE: $295,000 (For the Business)
