A full blown local steakhouse with type 47 liquor license situated in a neighborhood setting. Casual environment serving upscale prime/choice steaks fish and other meats. Also serves casual plates such as burgers and fries. An environment set for a power business meeting, a celebration or just a casual night out. A perfect place for large party gathering and events.
Per city-data website, this city has:
Estimated median income of approximately $76K in 2016
Population of over 88K in 2016.
Median price of a detached home: $411K with median rents at $1463 in 2016
Back of house: type-1 hood, grills, fryers, grease trap, prep tables, walk-in freezer/cooler.
Front of house: pos system, chair and tables and bar.
Facilities & operations:
3,600 sq ft in a residential area. Has a type 47 liquor license. Dining space and bar area serving
Cocktails, wine, beer and hard liquor. Full service steakhouse with a butcher setup to buy meats to-
Go. 5 years left on lease, with 2-5 year options. Clean books.
Current management & labor:
Absentee ownership with a general manager making about 72K per year. With manager, labor runs
About 30%. Clean books.
All marketing is done by word of mouth. No outside marketing other than the many clients that boost
Its online presence.
Sales: 120K (1.4 million year), rent: 12.1K (10%), labor: 36K (30%), cog: 39K (32%), misc: 12K (10%).
18% cashflow! 260k yearly net.
Please note: Due to the potential damage to the business, the owner requires the agent to pre-screen potential Buyers prior to releasing identifying information and will release information only to Buyers who are both financially qualified and have sufficient prior experience. Proof of funds required.