Great Conversion Opportunity – North End

Sale Pending

Asking Price$350,000

Cash Flow
$142,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,600,000

InventoryNot Disclosed

FF&ENot Disclosed

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Great Conversion Opportunity – North End


Sale Pending

Asking Price$350,000

Cash Flow
$142,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,600,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Unique & Chic restaurant located in a very coveted dining neighborhood. This restaurant has a very cool design and build-out with two bars and two floors that makes it an easy conversion to almost any concept; a Wine Bar, Raw Bar, or Italian Restaurant would do great here! It is currently run absentee and sales & profits can be easily increased by a hands-on owner! It is fully staffed and profitable, making it a turn-key opportunity if keeping the existing concept! Buyer to assume existing $70k license note.

FACILITY: Top-notch design and build-out. It is in excellent condition
PARKING: Street parking & city lots/garages – parking validation for customers
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Two (2) three-year options available – landlord open to additional term
BASE RENT: $9,966 per month
CONCEPT: Restaurant – Ideal for a Wine Bar, Raw Bar, Italian Cuisine, etc.
SIZE: 1764 sq.ft plus basement
SEATS: 76 persons – opportunity for rooftop expansion
HOURS: Open Daily for Lunch & Dinner
LICENSES: Beer/Wine/Cordial (1230a, 7 days) and Entertainment Licenses
SALES: Historical sales over $1.6m
CASH FLOW: Historical cash flow $142,000
ASKING PRICE: $350,000 (For the Business); Buyer to assume $70k license note
About the Business
Real Estate
Owned or Leased
Leased
Listing Info
ID
2100926
Listing Views
833

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Business Listed by: Todd Smith Corbett Restaurant Group

Listing ID: 2100926 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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