Description

Business description

This Hillcrest restaurant with liquor, a 50 plus person bar, live music and patio is attractively priced and has a classic set up for fine dining, evening casual and private parties. Established in 1997, the restaurant can accommodate approximately 187 persons (plus standing room), including the patio area which can seat over 50 patrons. The restaurant and bar are equipped with all the necessary kitchen equipment, walk-in refrigeration, furniture, fixtures, storage and office space. The business has been priced for a quick sale.

Property information

Real Estate:
Lease

Lease terms:
This 5,000 square foot facility leases for $10,570 per month including common area maintenance expense in this high profile location. The lease is valid until January 2017 with options to be determined.

Location:
This 5,000 square foot facility leases for $10,570 per month including common area maintenance expense in this high profile location. The lease is valid until January 2017 with options to be determined. The sale includes all the business assets including the furniture, fixtures, equipment, trade name, website, and approximately $5,000 in inventory. Certain furniture, fixtures and equipment will remain the landlord’s property.

Size in square feet:
5,000

Business Operation

Expansion potential:
This business has many opportunities to grow. As the business has operated since 1997, new owners may seek to build upon the existing goodwill or implement their own concept. The facility lends itself to evening casual dining and private parties, but could be easily modified to accommodate alternate dining options.

Competition / Market:
Competition is high, as Hillcrest is known for its wide variety of restaurants, bars and nightclubs. This location is unique in that it can cater to all markets within the community and has consistently generated “best of” awards since its inception.

Reasons for selling:
Other Business Ventures

Employees:
19

Years established:
2004

Other information

Support & training:
2 wks at 20 hrs/wk

Financing available:
Not Offered

Inventory / Stock value:
$5,000 (included in the asking price)