Description of the business for sale
Absoulutely turn key full service restaurant/bar/pizza. Very busy with seating for 78 in the dining room, 18 in the bar, and 70 in the outdoor patio. The current owner has already been granted a liquor permit for an outdoor bar on the patio. This restaurant's gross income has consistently grown annually for the past five years, with a 2007 projection of $1,400,000. The seller is also the owner of the building and will include a separate parking lot for 20 cars at no additional rent in the new lease (tenant to pay $2,700.00 annually for taxes on the parking lot). Additional parking is available on the street. The new lease will be 10 years at $6,000.00 per month plus tenant's share of taxes and insurance, with 3% annual increases, and two 5 year renewal options. For more information on CAPITAL RESTAURANT GROUP, visit our new website at www.capitalrestaurantgroup.com
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Description of the facilities
3,300 S/F Full Bar, Italian/American Restaurant with Pizza. Beautiful 70 seat outdoor stone patio with outdoor liquor/bar permit. City water & sewer.
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