Profitable Restaurant & Bar with great site. This attractive business is on cruise control with the multiple activity generators it has being in located in the heart of the City's action. The current owners are running this absentee and are looking upsize their operations. The venue has outdoor seating, function rooms, a business lunch crowd and a live music stage. Huge opportunity for night life, stage & lighting already installed. Excellent potential and with a cash flow of $176,000 you can purchase this and run it as is or change the concept as you see fit.
FACILITY: Space is approximately 7,000 square feet
PARKING: Plenty of on-street and public lots
EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality.
LEASE TERM: 1.5 years left on lease with two (2) five (5) year options.
BASE RENT: $9,500/per month gross
CONCEPT: Restaurant & Bar with Live Music
SEATS: Seating for 325 patrons
HOURS: 11:00 AM - 1:00 AM
LICENSES: Full Liquor License until 1:00 AM
SALES: $1,500,000/ per year
CASH FLOW: $176,000
ASKING PRICE: $485,000 (For the Business) - Some Financing Available for Qualified Buyers