Description of the business for sale
This Full Service Family Restaurant is located in an extremely attractive master
planned development of retail, office, banks, restaurants and residential condominiums. It is
near a large University, a Medical Center, and a large Community College and in a City with a
population of 90,000. The 5,535 Sq. Ft. building plus 467 Sq. Ft. patio on 42,799 Sq. Ft. of
land was constructed in 1981 as a destination dinner house, and was transformed to a family
restaurant in mid 2006. The restaurant seats 165 in the dining rooms and bar and an additional
40 on the licensed patio. It is single story on slab with concrete and stucco construction.
Abundant parking with the real estate including 42 parking spaces and cross parking with the
neighboring portions of the center. Zoned C-H – Commercial High Intensity District. Sales of
approximately $500,000 annually. It is rumored that the dinner house had sales of about
$800,000 annually. This location has easy access and good visibility within the Center but is
not directly on a heavily traveled thoroughfare. As such the location might be best suited for a
destination restaurant, sports bar, or for a high profile well known brand. Has Hotel &
Restaurant Liquor License. Utilities $3,000/Mo. RealProperty Taxes for ’06 were $10,348.
Open for breakfast, lunch, and dinner Priced right! Owner is willing to sell, lease, or
lease with option to purchase. Will sell the real estate with furnishings, fixtures,
and eq
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Description of the facilities
equipment, signage, and cooperation in change of ownership of liquor
license for $800,000. Will lease for 7 years with a 5 year option for $6,475/Mo.
NNN with 3% annual acceleration and $15,000 security deposit and $50,000 cash
purchase of equipment. Such a lease transaction would include a 2 year option
to purchase the real estate for $825,000.
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