Sq Ft
5,000+
Type
Space For Lease
Monthly Revenue
$215,239
Monthly Cash Flow
$21,000
Annual Revenue
$2,582,879
Annual Cash Flow
250000
Rent
Negotiable

This is a unique opportunity to lease an established waterfront restaurant and bar with banquet facilities in a very unique location near a major city.  The banquet facilities include 9 separate venues ranging in size from 300 to 2400 square feet accommodating between 10 to 200 seats in various configurations.     The restaurant enjoys a 180 degree view of the waterfront and each banquet facility has views of the waterfront as well.  Food and beverage sales in past years were as follows:  2016 – 2019 – $3.4 million each year;  2022 – $2.5 million and 2023 sales are approximately $2.6 million.     The Alcohol Beverage Control (ABC) license is to be purchased at fair market value with the landlord having the first right of refusal to purchase it back at the end of tenants occupancy at fair market value.  A prospective lessee must have extensive operational experience and a strong financial background to be considered for this excellent opportunity.

General Info

Organization
Corporation
Established
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Current Owner
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Employees
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Reason For Sale
Other Interests

Facilities

Seating
(1) 131 + 48 outside;(2) 39 inside + 78 outside: (3) banquet rooms
Square Feet
5,000+
Parking
Parking lots, valet and street
Licenses
Business, ABC Type 47 License
Open Hours
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Lease

Rent
Negotiable
Expiration
5 years
Yearly Increase
Negotiable
Option
5 Year
Deposit
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Financials

Monthly Revenue
$215,239
Monthly Cash Flow
$21,000
Annual Revenue
$2,582,879
Annual Cash Flow
250000
Payroll
Contact For Info

Financing

Down Payment
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Note Balance
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Terms of Note
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All Cash
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DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location