Sq Ft
2,800
Type
Restaurants For Sale
Monthly Revenue
$105,422
Monthly Cash Flow
$14,140
Annual Revenue
$1,265,065
Annual Cash Flow
$169,690
Rent
$6,776 including NNN

SBA-Approved Opportunity: Highly Acclaimed Michelin Guide Restaurant in Seaside Resort City

This renowned Michelin Guide restaurant is available for sale at $475,000, with 2022 profits reaching $170,000 and annual sales exceeding $1.2 million. The business comes with SBA loan pre-approval, requiring only 15% down on a fixed-rate, 10-year loan.

The restaurant features a small but efficiently designed kitchen, fully equipped with a 10-foot hood with a fire suppression system, vacuum sealer, and sous vide immersion circulator. All kitchen equipment is owned outright with no leases. The kitchen, just 5 years old, includes a large storage room, office space, and a rear entrance for deliveries.

Additionally, there is a 1,000+ sq ft apartment upstairs, currently rented for $1,650 monthly, which can either contribute to the bottom line or be converted to expand the dining area. The restaurant has 45 seats, a bar serving all-natural beers and wines, and a 2-group espresso machine at the bar. The space features easy-to-maintain concrete floors, quality wall fixtures, and paintings.

The current owner is semi-absentee but experienced, collaborating closely with the Chef on menu innovations. Long-term employees handle daily operations. The ideal buyer will be well-qualified and passionate about naturally grown, flavorful, and visually appealing food.

Verifiable financials, provable cash flow, and consistent earnings are available for review. To explore this opportunity and connect with the broker for details on the SBA loan process, please complete the ‘Non-Disclosure Agreement’ on our website. We will provide the business name, address, full financial information, lease details, and a comprehensive list of equipment. For further discussion, you’ll also receive the broker’s direct contact information. Co-listed by Martin Cramer and Keith Simpson.

 
 
 
 

Related Posts

General Info

Organization
LLC
Established
1990
Current Owner
2027
Employees
20
Reason For Sale
Other Interests

Facilities

Seating
45 + 6 Bar
Square Feet
2,800
Parking
Street
Licenses
Health and Business plus ABC Type 41 Licenses
Open Hours
5.00pm - 9.00pm Tuesday - Sunday - Closed Mondays

Lease

Rent
$6,776 including NNN
Expiration
2027
Yearly Increase
Contact For Info
Option
5 year Lease Option
Deposit
$5,500

Financials

Monthly Revenue
$105,422
Monthly Cash Flow
$14,140
Annual Revenue
$1,265,065
Annual Cash Flow
$169,690
Payroll
Contact For Info

Financing

Down Payment
Contact For Info
Note Balance
Contact For Info
Terms of Note
Contact For Info
All Cash
Contact For Info
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

Listing Features Location Print Listing Request Confidential Information