Active
High Volume-Natural/Organic Restaurant & Bar w/ABC 47 & Stellar Location
Beautiful Courtyard Restaurant & Bar, Full Liquor License, Huge Patio in Prime Location, Over $3.6M Annual Sales!
This expansive. thriving restaurant, located in a stellar location with a sweeping courtyard patio and a full liquor license, is perfect for an experienced restaurant operator! It is located in a beautiful and busy courtyard setting, surrounded by elite restaurants, shops and theatres, and comes with all furniture, fixtures, & equipment, plus an ABC Type 47 license. With annual sales over $3,600,000.
This beautiful two-story restaurant boasts 4,700 sq. ft. on the ground floor and 552 sq. ft. on the mezzanine. It offers sweeping French doors opening to an expansive courtyard patio with seating for over 200 guests, 141 indoors and over 60 outdoors. The separate bar area makes for a perfect cocktail lounge with craft beers on tap.
All furniture, fixtures and equipment are included. The lease expires on May 31, 2026, and there is one 5-year option to extend. The landlord will most likely extend the lease if desired.
This is the ideal restaurant for an experienced restaurateur operator with strong financials who is looking to take over a well-established, high-revenue business in a bustling location. Do not miss the opportunity to own this gem, which has a proven history of success since 2017!
Features and Equipment Include Main Kitchen: 20-foot cook line, 2 walk-in coolers, stacking pizza ovens, 2 fryers, griddle, 3 prep stations, stove, 2-door refrigerator, single door refrigerator, undercounter refrigeration, beverage station, Vitamix, robot coupe, espresso machine, microwave, dishwashing area, glycol beer system. Prep Kitchen: Walk-in cooler, ice maker, worktables, storage room, storage bins, slicer. Bar: 24-tap system, 4-tap kegerator, 6-tap kegerator, glass chiller, ice bin, glass washing machine, lowboy fridge, bar well. Office: Micros POS system, sound system, security system. All furniture, small wares, dinnerware, glassware, pots, pans, shelving, and utensils are included.
It is listed for $375,000. This is an asset sale. POS sales will be provided. Name, menu and concept are not included.
Listed By: Teri Craft
Background information
Reference:
organicbar
Year established:
2017
Reason selling:
Moved out of state
Finance
Sales:
$3,726,877
Operations
Equipment:
Main Kitchen: 20-foot cook line, 2 walk-in coolers, stacking pizza ovens, 2 fryers, griddle, 3 prep stations, stove, 2-door refrigerator, single door refrigerator, under-counter refrigeration, beverage station, Vitamix, robot coupe, espresso machine, microwave, dishwashing area, glycol beer system. Prep Kitchen: Walk-in cooler, ice maker, worktables, storage room, storage bins, slicer. Bar: 24-tap system, 4-tap kegerator, 6-tap kegerator, glass chiller, ice bin, glass washing machine, lowboy fridge, bar well. Office: Micros POS system, sound system, security system. All furniture, small wares, dinnerware, glassware, pots, pans, shelving, and utensils are included.
Inventory:
Available in addition to the sale price
Premises
Facility:
This two-story building with sweeping French doors opens to an expansive courtyard patio with seating for over 60 outdoors and 141 indoors. The ground floor is 4,700 sq. ft., and the mezzanine is 552 sq. ft.
Square footage:
5,252
Rent and lease terms:
The lease expires May 31, 2026, and there is one 5-year option to extend. The monthly rent is $17,217.01, with cams of $11,153. The percentage rent is 5% on gross sales over the breakpoint of $4,132,08, and there are annual rent increases of 3%.
Location:
This A-plus location takes center stage in a highly desirable area surrounded by shops, premier restaurants, and theatres.
Opportunities
Growth:
There is room to grow by opening for breakfast daily or earlier on weekends!
Market:
This establishment consistently performs well, year to year with a strong customer base.
Price and terms
Price:
$375,000
Financing:
Entertaining cash offers.
Training:
Training is available