| Asking Price |
$375,000 | Inventory |
$12,000* |
|---|---|---|---|
| Gross Income |
$781,200 | Real Estate |
Real Estate Available** |
| Cash Flow |
Not Disclosed | Year Established | 2006 |
| FF&E |
$325,000* | Employees | 3ft 8pt |
* included in the asking price
** not included in the asking price
This upscale yet reasonably priced seafood and steak full service restaurant has four separate business entrances providing endless possibilities for a new owner. About a year and a half ago the current restaurant owners started the restaurant from scratch after the previous restaurant had failed due to poor management. They have quickly built up a solid customer base and are poised to see a considerable amount of growth in the future. The new owners have also spent a lot of time and money remodeling and restoring the inside of the historic building to it's original condition. The restaurant and new gourmet pizza kitchen are built to easily handle $3.5 million plus in annual sales. A new gourmet pizza station with top of the line equipment was just recently added and is expected to produce a significant source of additional revenue. In addition to the main restaurant dinning area, banquet rooms, and beautiful original bar, there is a separate 2500 sq ft dinning area with a long beautiful bar area perfect for a wine tasting room or wine bar. There are several areas throughout the restaurant used as private dinning areas perfect for business meetings, receptions, weddings, and birthdays etc. There is also the possibility of purchasing the almost 9,000 sq ft registered historical building. Go to www.sellingrestaurants.com to see address and more photos
Facilities: Beautiful Registered Historical Landmark Building in Excellent Condition 4 Separate Business entrances with Four Separate electricity meters One bedroom Loft with 3/4 bath upstairs with beautiful view of the city and river Class H liqour license serving beer, wine, and spirits Huge Growth Potential and prior High Volume History Possibility to Expand Operating hours for Additonal Revenue Newly Remodeled and Restored to Original Condition Newly Added Gourmet Pizza Kitchen
Competition: This upscale yet reasonably priced seafood and steak full service restaurant has four separate business entrances providing endless possibilities for a new owner. About a year and a half ago the current restaurant owners started the restaurant from scratch after the previous restaurant had failed due to poor management. They have quickly built up a solid customer base and are poised to see a considerable amount of growth in the future.
Growth/Expansion: Add suignificant revenue by adding breakfast and lunch hours. Banquet Room with original restored brick floor and seperate Bbsiness entrance could easily be transformed into large wine tasting room or seperate business.
Financing: All Cash or SBA Loan
Support/Training: Sellers will provide 80 hours of training at no additional charge.

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