Grill & Bar Restaurant

Grill & Bar Restaurant

Expired

$199,000.00

Listing Number :

 3590

Status :

Expired

Price :

$199000

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Area

4600

Description

This is an approximately 4,600 Sq Ft Restaurant and Bar with strong Sales and Net Income for an owner operator. Seller claims his Gross Annual is over $1,000,000 and Net Profit of over $140,000.00. The location has inside capacity of 155, Outside of 25-30 guests and ample parking. Lease was recently renewed for 5 x years with 1 x 5 years option. This is a beer Brewery and Grill Restaurant with strong sales and excellent Net Income. Seller claims the following :
Gross Sales from January- July 018+$608,896.00
Gross Sales for 2017= $1,047,950.00
Gross Sales for 2016 = $1,078,000.00
Labor Cost = 28%
Bar Cost =23%
Food Cost = 30%
Rent is $14,183/m.
CAM Charges=$2,884.00
Annual Payroll is approx:$300,000.00
1x 10 BBL MONBLOC FULLY AUTOMATED BREWHOUSE,  4X 10 BBL BRITE TANKS, 4X 10BBL DUAL JACKETED FERMENTORS, 1 X LARGER GLYCOL CHILLER BEAR LINES, 1X LARGER GLYCOL CHILLER BREWERY, 1X ROOF TOP COMPRESSOR FOR GLYCOL CHILLER, 1X STEAM BOILER, 1XKEY WASHER. This location is now SBA approved with 20% down, brower needs to be experienced in Restaurant or Bar.
3590
Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Restaurant
License(s) Required: Business, Health, ABC
Hours of Operation: 11.00am-10.00pm/7x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3590
Date Available: 12/04/2018
Reason For Sale: Retiring
Annual Total Revenue: 1,000,000+
Annual Net Income: 140000
Inventory:
Monthly Payroll: 11000/m
Lease Information
Base Rent: 14000/m
Lease Expires: 2023
Lease Option: 5
NNN: 2700/m include CAM
 
Financing Information
Down Payment: 199000
Owner Will Carry:
Other Finance Terms:

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