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  • RE:  Bar & Restaurant And Catering With Property Available
  • Contact:  Ziggy Marszalek

Quick Facts

Asking Price: $600,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 953433
Broker Reference #: 22667

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Business Overview:

Property and Business Summary: Totally Renovated Bar, Restaurant and Catering Facility With Option To Buy Property

  • Features:

    • Design: The restaurant features a classic design with a private catering room.
    • Renovations: Completely renovated in 2021, including new furniture, fixtures, and equipment.
    • Kitchen: State-of-the-art industrial kitchen.
    • Accessibility: Equipped with an elevator servicing all three floors.
    • Roof & HVAC: New roof and five new A/C units.
  • Seating Capacity:

    • Indoor: 1st floor – 60+ seats; Upstairs – 70+ seats.
    • Outdoor: 40+ seats.
  • Parking: Ample parking is available with two municipal parking lots directly behind the property and additional parking on both sides of the one-way street, Pennsylvania Ave.

  • Financials:

    • Purchase Price: $2.8 million.
    • Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.

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Property Features and Assets:

Location & Size: This elegant bar and restaurant is a three-story property with a total area of 4,500 square feet (1,500 square feet per floor).

Purchase Price: $2.8 million.

Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.

Reason for Selling:

Asset Sale.

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

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