Lease Buy Out in prominent location with huge visibility.

San Luis Obispo, CA (San Luis Obispo County)

Beautiful restaurant location built in 2014
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Asking Price: $25,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,019 /Month

Established: N/A

Lease Buy Out in prominent location with huge visibility.

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Business Description

BROAD STREET LEASE BUY OUT
Lease base rent is $7019/mo includes PLUS NNN ( approx.$1245). 4 years left on current lease ( with two 5 year options to renew), subject to Landlord approval. The space is a beautifully built out 2069 sq ft in San Luis Obispo CA 93401. Current restaurant operation is NOT for sale. Just to give you an idea, they are open Mon-Sun: 10 AM – 9 PM with Happy Hour: Monday thru Friday 3-5pm + Sat & Sun from 11am -3pm. They did $930K in Sales Jan thru Nov 2018 from this location.
The FFE included in the lease buy out is as follows:
6 Burner range + oven+ 36” flat top grill
walk in
3 Fryers
Convection oven
48” Charbroiler
refrigerated 60 “prep table refrigerated 48 “prep table
ice maker
dishwasher
3 compartment sink
prep sink
single door standup freezer
tables/chairs
stools
4 extra large flat screen TV’s
2 Standard size TV’s
dishes
utensils
flatware
glassware
pots & pans

Detailed Information

Real Estate:
Leased
Building SF:
2,069
Lease Expiration:
10/26/2022
Facilities:
Full kitchen, customer seating and room for large parties. Open bright ,light , high ceilings, granite counter at bar, all new in 2014. Location backs up to Broad Street with strong signage.
Reason for Selling:
Sellers too busy with 2 other restaurants locations plus catering and 3 kids.
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Antoinette Payne

Business Listed By:
Antoinette Payne

Pacific Coast Brokers,Inc.

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