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NOTE: Yes, it is still available. If interested, please schedule a call to discuss further: https://calendly.com/christian-zarama/15min
Asking: $1,200,000
Gross Revenue (2025): Approx. $2,800,000
Net Income & Add-backs:
Restaurant 1 (2024): $180,930
Add-backs:
- Net: -119,982
- Salary: 137,256
- Interest: 62,823
- Depreciation: 9,315
- Amortization: 12,667
- Meals: 968
- Travel: 188
- Taxes: 42,695
- Vehicles (personal): 35,000
Annual Expenses:
- Utilities: $49,544
- Security: $120,692
- Telephone: $24,685
- Rent: $163,855
- Total payroll: approx. $8,000/week
Restaurant 2 (2024): $177,567
Add-backs:
- Net: -58,186
- Salary: 91,710
- Interest: 17,060
- Depreciation: 11,769
- Taxes: 108,831
- Amortization: 6,000
- Meals: 323
- Travel: 60
Annual Expenses:
- Rent: $108,830
- Utilities: $36,954
- Total payroll: $5,000–$6,000/week
Business Summary:
This is a rare opportunity to acquire a well-established restaurant package in a prime, high-traffic area, recognized as a local staple and a destination for dining and events. The property features a large patio that transforms during warmer months into a vibrant outdoor experience with music, games, and a cash bar.
The offering includes two distinct restaurant concepts under shared management and staff, along with a third revenue stream: a vintage-inspired mobile catering business. The mobile unit fleet includes restored vehicles equipped with beer taps, a rolling pizza oven, and a liquor cart, providing a one-of-a-kind off-site catering experience for weddings, private parties, and events.
This acquisition offers multiple revenue streams, a strong brand identity, and significant growth potential.
General Notes (Both Locations):
- Both restaurants are located near each other in a prime area.
- Shared patio in summer with music and a cash bar.
- Shared staff, management, and landlord.
- Properties are leased (not owned), with 2.5 years remaining on current leases. Landlord may extend a 10-year lease for the right buyer, potentially at a reduced rate.
- Separate liquor licenses.
Owners / Roles:
- Owner 1: oversees payroll (5–10 hrs/week)
- Owner 2: manager of Restaurant 2 (50 hrs/week)
Restaurant 1:
- Modern American cuisine & craft beer in a garage-style space
- Established 10 years
- Seating: 60–70 inside, 60 outside (up to 85)
- Operating hours: Mon–Fri 4 PM–12 AM, Sat–Sun 12 PM–2 AM
- Recently renovated for a dining-focused experience
- Total space ~2,400 sq. ft. (includes upstairs storage)
- Features the largest patio in the area
- Monthly rent: $14,000
- Lease: 2.5 years remaining; landlord may extend 10 years at discounted rate
- Unreported cash components: cash bar and private parties
- Staff: 1 manager, 2 cooks, servers, bartenders
Restaurant 2:
- Modern Italian pizza and craft cocktails
- Established 5 years
- Seating: ~60
- Operating hours: Tue–Fri 4 PM–12 AM, Sat–Sun 12 PM–2 AM
- Space: ~1,500 sq. ft.
- Rent: Restaurant $7,000, Office/Storage $2,500
- Lease: 2.5 years remaining; landlord may extend 10 years at discounted rate
- Unreported cash component: private parties
- Staff: Owner/manager, cook, bartender, servers
Mobile Catering Component:
- Vintage-inspired catering vehicles with beer taps, pizza oven, and liquor cart
- Serves weddings, private parties, and corporate events
- Pricing per event varies based on party size and service type
- Restaurant staff supports catering events
Reason for Sale:
Owners are focusing on other business ventures and relocating out of state.
Upside Potential:
- Expand operating hours (weekday lunch)
- Increase marketing, particularly for mobile catering
