Asking Price:

$350,000

Gross Income:

$1,174,000

Cash Flow:

N/A

FF&E:

$150,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1986

Employees:

25

Business Types:

Restaurants
Other Eating & Drinking Places

* included in the asking price

Business Description

Here is a great opportunity to take over an existing business or convert to a new concept. Ideal location for a Nightclub.or lounge Liquor license included. Buyer must qualify.

Detailed Information

Facilities:

Size: 12,562 sq ft Features: 2 stories, 3rd floor office & storage, balcony on 2nd floor, garden patio on ground floor, Large banquet rooms on 2nd floor, dumbwaiter, elevator, high ceilings, beautiful decor Rent: $16,888/mo. NNN Lease: expires Jan. 2013 Lease Option: Two (2) Five (5) Year Options Capacity: 400 Parking: street parking, public lots, validation available *Banquet rooms can accommodate large parties, weddings, meetings, etc.Large price reduction on this f9ine restaruant.

Competition:

Excellent, well-known establishment with loyal client base. Excellent food, prices, ambiance, service and cleanliness. Great pride in quality.

Growth/Expansion:

There is a chance a new may be able to increase margins. Possiblilty to convert to a Nightlclub

Financing:

All cash or SBA Financing

Support/Training:

Owner will train, time period is negotiable. Recommended for an experienced owner-operator

Reason Selling:

Other