Newly renovated, high volume restaurant in a major hotel serving breakfast, lunch and dinner with bar. This restaurant with 147 seats and 10 bar stools has a long term exclusive contract with the hotel to provide room service to 900 hotel rooms, perform hotel catering duties, serve guests meals utilizing hotel vouchers and provide food for the main bar in the hotel. In addition, this restaurant is the beneficiary of the high walk-in traffic it gets from being street level on a corner location of a busy commercial mid-town neighborhood. For dinner this busy restaurant is transformed into a bistro serving upscale food to both hotel guests and locals.
Form of Ownership: C Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale: OWNER WANTS AN OPERATING PARTNER - THERE IS A POSSIBILITY TO PURCHASE THE ENTIRE BUSINESS
Training & Support: YES
Year Established: 1996
Days & Hours of Operation: 24/7
Owner Hours: 40
Absentee Owner: No
Lease Expire: 0000-00-00
Lease Security: 100000
Monthly Rent: $ 37,750
Square Footage: 3000
Main restaurant in a major hotel with entrances both from the street and inside the hotel
Historical Summary: This very successful, high volume restaurant has been open for over 18 years in a well known mid-town hotel. Both the hotel and the restaurant recently underwent major renovations and upgrades.
Owner Qualifications: Prior restaurant management experience is a must. This is a very busy, high volume restaurant that the hotel depends on to provide top notch service and high quality meals to its many guests. The right operating partner will be required to have proven prior experience running a successful high volume establishment capable of managing all facets of the operation.
Listed Price: $ 4,800,000