An absolute gem of a pub style family restaurant. A true fabric of this community for the past 16 years. A consistent performer as it is the “go-to place” for friends and family. Located in a densely populated community, on a numbered highway, it boasts plenty of parking.
It certainly has that “ Cheers” feel where everyone knows your name! Its 34-seat island bar is popular for all age groups . Patrons enjoy some outside seasonal covered dining as well!
The restaurant is attractively decorated and recently updated. You have to do nothing here!!
A well-trained staff, with many long-term employees awaits you. This is very important in a tight labor market.
Now for the best feature…. the lease! It is way, way under market value. At a current volume level of 3.5MM it is 3%— imagine that! It extends to 2047 with very modest increases. You’ll never see anything like this.
The owner is retiring. This fantastic opportunity won’t last.
PARKING: Plenty of dedicated parking
EQUIPMENT: The equipment is in good condition and has been well maintained.
LEASE TERM:Three years remaining with options until 2047
BASE RENT: $5,833
CONCEPT: Pub Style Family Restaurant
SIZE: 4,800 square feet
SEATS: 150 inside (28 bar seats), 20 outside
HOURS: Open 7 days/wk. 11:30a-1030p; open later on weekends
LICENSES: Full Liquor/ Lottery/Entertainment & outside dining
SALES: $3,500,000
CASH FLOW: $310,000 per year
ASKING PRICE: $895,000 (For the Business)
