High adjusted net income of over $140,000 annually. Lease is 3.5 years plus one time 5 years option. SBA loan pre-approved. Excellent books and records. Established 20 year ago at the same location. 4500 sq. ft. Ample parking! Gross sales consistently over a million for many years! Excellent for someone who has restaurant experience and can take this location to new level.
Growth potential this location can easily gain growth for the experienced buyer by adding hard liquor license to existing license this can potentially grow the business on conservative side easily 30%+. By add hard liquor and taking the location and size of the location in as a factor not only will you be able gain new customers to add to the loyal existing you can also take on more corporate functions and target a different demographics.
Potential changes to make, update color scheme inside the location to create a more updated look.
This is a brewery and grill pub with strong sales and excellent net income. The city is densely populated, and location is in a very high traffic part of town. This location is SBA approved with 20% down to qualified borrow. SBA and landlord will work with those who are going to be running it as owner operator, or has restaurant experience.
Based on tax return and profit and loss for 2018:
Gross sales from 2018= 1,033,000.00
Net income 2018 = 136,000.00
Gross sales for 2017 = $1,047,950.00
Net income 2017= $139,000.00
Labor cost = 28%
Bar cost = 23%
Food cost =30%
Base rent = $14,183.00.3.5 year with 1x 5 year option
Cam charges = $ 2884.00
Payroll per month = $25,000
This location also has a brew master, on the payroll.
Right now there are between 9-11 different flavors in house brand.
This location can easily:
1 10 monbloc barrel beer fully automated brewhouse
4 10 barrel beer brite tanks
4 10 barrel beer dual jacketed fermenter
1 glycol chiller beer lines
1 larger glycol chiller brewery
1 roof top compressor for glycol chiller
1 steam boiler
1 keg washer