- Asking Price: $399,000
- Gross Income: $1,535,818
- FF&E: $200,000
- Inventory: $25,000
- Established: 2012
Listing ID Number: BBF-898100255
Business Description
This is your chance to own a very well-known bar/restaurant in the one of the fastest growing locations in the USA! Further commercial and residential development immediately surrounding this restaurant will yield strong growth. The prominent location at one of the most strategic intersections in this growing community provides excellent visibility, with only limited competition nearby. Since it opened in 2012, the restaurant has rapidly increased revenue to over $1.5m in sales, but since it is operated absentee by non-restaurant experienced business people, now is the time for an experienced entrepreneur/restaurateur to seize this fantastic opportunity to grow an established and loyal customer base.
Note: photo shown is not actual premises.
Detailed Information
Inventory: Included in asking price
Real Estate: Leased
Building SF: 5,000
Lease Expiration: 12/31/2028
Employees: 12
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Full service bar/restaurant, beautifully built-out. Separate bar area with hi-tops, TV screens and live music; indoor main restaurant area with booths and tables; outdoor fenced-off seating area; separate room for parties/corporate functions. SRX license in place.
Competition: There is very little direct competition nearby, and the business location is at one of the most strategic intersections in this fast-growing community. Further infrastructure improvements and investment will result in increased traffic flowing past this restaurant every day.
Support & Training: Two weeks at no cost to Buyer.
Reason for Selling: Other business interests