Rare Opportunity, Main St., Newark Restaurant & Bar

Newark, DE (New Castle County)

Rare Opportunity, Main St., Newark Restaurant & Bar

Asking Price:$550,000

Cash Flow:$150,000

Gross Revenue:$1,620,000




Rate/Sq. Ft.:N/A


Rare Opportunity, Main St., Newark Restaurant & Bar

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Business Description

This restaurant is a "must see" part of the University of Delaware landscape with foot traffic of nearly 22,000 students and another 10,000 persons in the city of Newark's population. Menu is flexible to add additional items. Not only does the restaurant serve families and students, it has entertainment, happy hour, and special nights. It also has space for private parties and public events. The restaurant is licensed to sell alcoholic liquor in the restaurant and on its patio. Complete a non-disclosure agreement, if you have serious interest, and an arrangement can be made for a walk-through. The licenses are transferable to an "approved buyer".

Attached Documents

Detailed Information

Real Estate:
Building Sq. Ft.:
Lease Expiration:
12 f/t; 20 p/t
Very strong and profitable business; loyal employees; amazing fixtures purchased in 2007 when the building was initially renovated to accommodate the restaurant. Street parking, valet parking, and a number of parking lots in the area that are utilized by the customers. Of course, there is great foot traffic. The entire restaurant is in excess of 5,000 +/- square feet. The lease is current, expires in September 2019, and there are two five-year options.
There are a number of typical competitors on Main Street; but none compare to the offerings on the menu, clean, and inviting dining atmosphere.
Growth & Expansion:
A new owner may want to expand on marketing for additional private parties/events; and catering may be an option that can add growth to the bottom line.
Support & Training:
Seller will assure a smooth takeover.
Reason for Selling:

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Mary Ann Heesters

Business Listed By:
Mary Ann Heesters

Patterson Woods Commercial Properties

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Sponsoring Broker:
Joseph Latina

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