Newer Restaurant/Bar Build-Out Asset Sale

Business Overview:

$1.4mm Investment in Late 2023, Offered At Deep Discount!

A newly and completely built-out bar and restaurant space is yours to be had at an amazing discount! Due to the seller unexpectedly needing to pivot into a different career path, we are offering this amazing opportunity as an asset sale and lease takeover to continue the seller’s current brand (operating at $1.17 million annual revenue and $90k SDE) or to re-brand to your own bar/restaurant concept. Great location with ongoing surrounding commercial and residential gentrification projects allows for huge future upside.

Further details are as follows:

The Space:
• Full Build-Out
Fully Renovated Build-out, including:
Sound Insulation
Lighting
Restrooms
New HVAC and Wiring
Doors/Entryway
Outdoor Seating Deck Area

• Ground (Main) Floor:
4400 total square feet
New tables, chairs, barstools
Capacity: 213
28 foot bar with 12 stool seating
Fully built-out new upscale restrooms
and janitor closet
Upscale LED lighting throughout
Closet and storage space

• Other Spaces:
Exclusive basement space (approx.
300 sqr ft)
2nd floor Executive office space
(approx. 480 sqr ft)

• Full Kitchen and Bar:
3 Fryers
Range
Griddle
Pizza Oven
Steam Table
Upright Reach-In Freezer
Walk-In Beer Refrigeration Unit
Reach-In Bar – Beverage Coolers
24 Beer Tap Draft System
2 Ice Makers
Slushie Machine
3 Prep Tables
Sandwich Cooler, Pizza Cooler
Dishwasher
Multiple Sinks, Etc
Full Assortment of Small Wares,
Barware, Etc
Complete Toast POS System

Intangibles:
2 Full liquor licenses
D5J and a D6 – on premise and
carry-out until 2am
All permitting and inspections 100%
complete!
The current operating business is fully
staffed! Retain the employees and
be fully operational the day after
closing!
Huge existing party and corporate
office business

Location:
• Downtown Metropolitan Area
• Adjacent Street Car Stop
• Adjacent (walking distance) to:
Multiple major corporate and regional
offices
Cultural event centers
Multiple professional sports stadiums
Casino
Over 6,000 downtown residents
Hundreds of other small/medium size
businesses

Lease:
• Favorable lease terms through 2032,
with options to extend.
• 2 parking spots within fenced lot
included

Price: $850,000
FF&E w/Leasehold Improvements: $1,400,000
2024 Revenue: $1,171,000
2024 SDE: $90,000

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Reason for Selling:

Additional Details:

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