Description of the business for sale
Court Ordered short Sale of Waterfront Restaurant including R.E.
Full service sports bar and grill for sale on Waterfront property in an enterprise zone. Bank is owed $2.25 million. Bank will accept $1.3 million for property and business. This family friendly restaurant features over 5500 sq ft of indoor seating and an additional 1200 sq ft of outdoor patio space. Family friendly colorful décor throughout the restaurant and overhead heat lamps on covered patio allow year round use. Flat screen televisions blanket bar and restaurant for viewing of NBA, NFL, College Football and various other sporting events. Signature gourmet pasta, wings, ribs, salads, sandwiches, burgers, lunch specials are just a few of the items featured on the menu. High visibility and great location provide traffic to this restaurant for lunch and dinner service.
The enterprise zone offers a plethora of tax incentives for the right buyer. Average Restaurant potential revenue is estimated at $4 million annually. In addition to revenue and tax incentives, a qualified restaurateur can purchase this opportunity for as little as $1.3 million. Leasehold appraised at $2.3 million. Leasehold with business is priced to sell at 1.3 million. This restaurant is an excellent opportunity that will not last long.
For more information, please contact Ved Sajnani or Jeanne Banks at 310-539-8300.
Support / Training provided by seller
Seller will provide training.
Description of the facilities
High Visibility and Great Location! 5500 sq. ft with 1200 sq ft additional outdoor patio. rent is $19,000 per month. Real Estate is included in sale.