Sale includes: The Real Estate, the Entire Business, all Equipment & all Fixtures.
Total Purchase Price/Real Estate & Business = $3,600,000 plus inventory
Purchase Price/Real Estate = $3,300,000
Purchase Price/Business = $300,000 plus inventory
Owner Retiring!!
The sale price includes a restaurant (which occupies the 1st floor), 4 apartments and 4 parking spaces. This is a 3-story brick building in great shape which was rehabbed 3 years ago. Some of the work completed includes the roof, tuck pointing, windows, new appliances and mechanicals. There are three 3-bedroom apartments and one 2-bedroom apartment. All apartments are rented and generate a total of $12,000 per month in rent. The apartments have been completely remodeled and look like upscale condominiums. There is a 350 sq ft basement. The building was built in 1967.
The restaurant occupies 4,200 sq ft and pays $11,000 per month in rent. This well known restaurant has seating for 100 people plus 12 seats at the bar, a large dining room, wonderful food and is located in an extremely high traffic area with lots of foot traffic. The liquor license is an incidental liquor license. The total occupancy is 131 plus 50 in the rear. The restaurant has been operating for over 10 years. The owner of both the restaurant and the building is retiring to Florida.
Listing Details
FFE: $95,000
Real Estate: $3,300,000
Location
Square Footage: +/- 13,200 sq ft
Facilities Information:
Gross Building Area is +/-13,200 sq ft, Seating for +/- 100 people plus 12 at the bar. RE Taxes = +/-$17,500/yr. Lot size = 48x125 sq ft. The restaurant occupies 4,200 sq ft & pays $11,000/mo rent.
Summary
Financing/Terms:
Owner may discuss some financing with qualified & experienced buyer/operators.