This upscale restaurant has been open for over 10 years, serving some of the best steak, fish, pasta, wines and cocktails. They have a unique niche to go along with their great location and outdoor patio. The current owner is absentee and has a great staff that manages the day to day activities. There is a ton of room for growth as the restaurant is only open for 5 hours a day and still has a nice profit with limited hours.
- Asking Price:
- $1,280,000 Inventory / Stock included
- Sales Revenue:
- $2,371,806
- Cash Flow:
- $417,156
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Total rent of $15,804/month
- Location:
-
Located in a great location, with local hotels nearby
Business Operation
- Expansion Potential:
-
Tons of room for growth because only open for 5 hours a day and still maintains a nice profit.
- Reasons for selling:
-
Retiring
- Trading hours:
-
4:30pm-9:30pm
Monday - Sunday
- Employees:
- 15 FT, 5 PT
- Years established:
- 10
Other Information
- Support & training:
-
2 weeks of training
- Furniture / Fixtures value:
- $328,408
- Inventory / Stock value:
- $25,000 - included in the asking price
