Modern Restaurant & Lounge With Patio
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $1000000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 20 - 34
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Owned
Reason for Sale Moving restaurant to owned real estate location.
Description This ultra modern Hillcrest restaurant's urban chic design exemplifies style, with substantial substance. Carefully designed and constructed with top of the line furniture, kitchen equipment and sound system, this remarkable restaurant includes a wine cellar, dual kitchen line, walk-in refrigeration, private party room, outdoor patio, lounge, office and plenty of storage space. The restaurant's ideal location, in a stand-alone building with main street exposure gives it a significant advantage over other area restaurants.
Asking Price $399,000.
This business is housed in a 5,000 square foot facility with a monthly lease rate of $11,000. The sale includes all the furniture, fixtures and equipment of the restaurant, which are less than 2 years old, as well as a full liquor license. All of the equipment is in excellent condition. The sale does not include the name, website or menu.
Competition is high as Hillcrest is known for quality restaurants with a bit of an edge. This is an excellent location in a growing area, with a lease rate substantially below market rate.
As this restaurant has already demonstrated its potential for success, the layout may be re-designed to expand or relocate the bar to create a more conducive environment to cater to the late night drinking crowd. The ideal location, buildout and market potential should provide a new owner with a modified concept the ideal opportunity for success. Contact for more information on this Restaurant and Lounge for sale.
Click Here To Contact Seller
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