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Premier American Restaurant w/High Volume, Income-SBA Financing


Stellar American restaurant for an experienced owner-operator or chef. Serving breakfast, lunch, dinner, brunch, and beer & wine since 1945 with high volume and strong income. This lovely and inviting restaurant with a warm décor was recently remodeled throughout and offers seating for 200 guests. It features lofty ceilings, exposed brick walls, new vinyl flooring and carpet, plus attractive lighting throughout. Other upgrades include new booths, tables, chairs, and crisp fresh paint. A highly visible, permanent patio was remodeled this June with seating for an additional 70 guests, offering mountain views. The menu offers a wide variety of options including full entrees, omelets, pastas, tacos, burgers, sandwiches, salads, appetizers, fresh breads made in-house and desserts. In addition, to dine-in service, they have a steady catering business with several accounts that receive drop-off orders each week. Catering orders are delivered in their branded delivery van.

With nearly 6,000 sq. ft. the restaurant features a large front patio, host station, main dining room, private dining or meeting room, additional dining room with space for a formal bar, 4 bathrooms, large kitchen, prep kitchen area, 2 walk-in coolers, one walk-in freezer, 2 server stations, 2 dry storage areas, large office, storage closet, dishwashing area, 4 bathrooms and more.

Equipment:  Includes: POS system, 9.5 ft hood, 8.5 ft. hood, 12x8 ft walk-in cooler, 10x7 walk-in freezer, 5x13 ft walk-in cooler, cold prep station, beverage and coffee station, 5ft grill, 3 ft broiler, 2 burner stove, 8 burner stove, stacking convection ovens, 2 double fryers, 2 door freezer, 2 door fridge, 3 door fridge, ice cream maker, ice maker, mixer, grease interceptor, microwave, refrigerated drawers, proofing cabinet, rice cooker, multiple slicers, SS work tables, robot coupe. 5 ft beer cooler. 2nd server station includes a double soup well, coffee & tea station, soda fountain, cold prep station, flatware bin, microwave, glass racks, triple shake machine and ice cream freezer. Other items include a leased dishwashing machine, all dishware, glassware, pots, pans, utensils and 2000 Astro Van. 16 camera security system, computer, printer, sound system, office storage, 2 office desks and drop safe.

The building has 3 -five-ton air conditioning units, 1- four-ton, and 1- 3-ton air conditioning units plus 2 electrical panels. Parking for 16 cars, plus there is adjacent street parking and public parking lot.



Listed By: Teri Craft


Restaurant_patio_istock-1327543020

Background information

Reference:

premieramerican

Year established:

1945

Reason selling:

Other interests

Finance

Sales:

$3,023,593

Profits:

$578,577

Profit type:

Net Income

Operations

Employees:

40 employees, 4-floor managers, 1 kitchen manager

Equipment:

Extensive furniture, fixtures and equipment. Including 3 walk-ins, double hooded cook line, a grease trap, POS system and more.+ +-+

Premises

Facility:

Well maintained and upgraded restaurant on a 10,039 sq. ft. lot with parking for 16 cars. There is street parking plus an adjacent public parking lot.

Square footage:

5,920

Rent and lease terms:

Triple net lease, $15,000 monthly rent, plus approximately $2,200 in NNN. 3% annual increases each year. 10-year term plus 2-five year options at market rate.

Location:

Upscale suburb

Opportunities

Growth:

There are abundant opportunities to expand the catering side of the business. Plus the ability to open longer hours

Price and terms

Price:

$1,500,000

Financing:

Financing is available with an SBA lender. Business is pre-qualified for an experienced operator.

Training:

Training is available