Business Summary:
This restaurant is centrally located near Land Park and Downtown. Broadway Restaurant Row. This Wine Bar & Grill opened in 2004 and has developed a loyal following for its distinctive cuisine and personable service. The restaurant features “tropical” cuisine in a comfortable and intimate setting. With so many restaurants located in retail strip centers, it is a welcome change to come across a restaurant with a charming and peaceful courtyard location. Currently, dinner represents about 75% of the revenues with lunch making up the balance. A new lunch menu is being designed around moderately priced items with a broad based appeal in order to boost the lunch sales.
This restaurant represents a great opportunity for a working chef or managing owner or couple. The restaurant is a manageable size with very reasonable rent and overhead expenses. While this concept is a good fit for the adventurous ethnic dining area next owner may choose whether to continue a similar theme or introduce a new name and menu to the restaurant. At the offered price, this restaurant is an excellent value in comparison to creating a similar restaurant in today’s market.
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| Year
Business was Established: 2001 |
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| Number of Employees:
1 FT/ 5-7PT |
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| Facilities / Terms of Lease:
Approx. 1,762 sf
Lease: $2,710/month (includes garbage, sewage, water utilities) = 1.54 psf. Term through Aug 2010 + 4 yr opt. Annual increases 3.5%
Dining room seats 54-60
Street and parking lot (10 spaces) |
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| Owner
willing to finance:
$40k down. 7%interest for 3 years. |
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| Owner
willing to train:
2 weeks at 40 hours per week |
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| Reason for selling:
Personal Reasons |
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Seller Reference Number: 18241
BusinessMart.com Listing Number: 44986 |
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