• A Restaurant and Lounge with Catering Services
• It has a very loyal clientele and returning customer base
• 2,725 sq feet of restaurant and kitchen space that seats 40
• In addition, there are separate rooms for catering of events
• This restaurant is tastefully and beautifully laid-out in its furniture and furnishings
• There is a General Manager in place operating this restaurant for the absentee-owner
• It is currently open only 5 days a week over 24 total hours
- Asking Price:
- $148,500 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,029,087
- Cash Flow:
- $88,557
Property Information
- Real Estate:
-
Lease
- Location:
-
Neighborhood-of-the-Arts
- Premises Details:
-
• 2,725 sq feet of restaurant and kitchen space that seats 40
• Current rent is Five Percent of Net Restaurant Sales and Fifteen Percent of Net Catering Sales per month.
• Current Lease ends on December 31,2024 with options to renew
Business Operation
- Expansion Potential:
-
This is a great turnkey restaurant and lounge opportunity for an experienced restaurant owner-operator.
Expanding days and hours of operation should see sales and profits increase significantly
- Reasons for selling:
-
Concentrate on other business.
- Employees:
- 20
- Years established:
- 2015
Other Information
- Support & training:
-
The current owner will do everything necessary to ensure a smooth transition of ownership.
- Furniture / Fixtures value:
- $25,000 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
