Business Summary:
LISTING ID # 37409 Price Reduced! This is an outstanding opportunity to acquire a fully built-out restaurant and bar offered at an asking price of $169,0000, significantly below the cost of constructing a similar facility today. The space is approximately 3,400 square feet and includes a full liquor license. The current brand name and concept are not included, providing the buyer with the flexibility to introduce their own concept or brand.The restaurant is located in a busy shopping center with ample parking for hundreds of vehicles and offers tremendous flexibility in layout and use. The space is currently configured as a single restaurant but can easily operate as two separate concepts or function as one large dining and bar venue. It seats approximately 110 guests inside with about 30 tables, booths, and a full bar, along with outdoor patio seating for more than 30 additional guests. The lease has four years remaining with multiple five-year renewal options available. Rent is $11,300 per month, which includes CAM and taxes. Large restaurant spaces with full liquor licenses at this price point are rarely available.The facility is fully equipped and ready for immediate operation with a complete commercial kitchen featuring two hood systems, multiple grills and fryers, walk-in refrigeration boxes, salad and preparation stations, a commercial dishwasher system, full bar and soda system, heat lamps, catering equipment, and extensive kitchen infrastructure. Because the space is already built out and equipped, a new owner can open immediately without the time, expense, or delays associated with construction.The restaurant currently operates seven days per week from 11:00 AM to midnight and is staffed by four full-time employees and seven part-time employees. Established operational systems are already in place, allowing for a smooth transition to a new owner.The purchase can be structured as an asset sale with lease transfer, or a buyer may choose to acquire the existing restaurant name and trademark separately in addition to the $169,000 asking price. This opportunity is ideal for an owner-operator, chef-owner, bar and grill concept, sports bar operator, franchise group seeking a second location, or an experienced hospitality group looking to expand.The seller is seeking a serious and financially qualified buyer with a minimum of $130,000 in liquid funds to cover the down payment. This is a confidential sale and all visits must remain discreet. Prospective buyers are asked not to speak with employees or staff. Showings are by appointment only following proof of funds.For more information or to schedule a showing, please contact Mel Vaz at 631-767-0157 or [email protected] In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement. Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
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