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1060 - Casual dining facility - $124,900

This is well-equipped restaurant which shows very well. In an excellent location! The restaurant also has additional seating in the summer months serving drinks, which has sales of approximately $100,000 over the summer. It also has a seasonal pop-up patio. This restaurant is one of two sister businesses. A great opportunity to have diverse options of hospitality choices!

This opportunity will not last long – contact Chris to arrange a showing ASAP!

Business information:

Gross Sales: 2019 $1.9 – $2.1M for two sister businesses
Size in sq. ft.: 2,422 sq. ft.
Number of Seats: 60 plus additional seating in the summer months
Number of Parking Stalls: No dedicated parking
Style of cuisine: Elevated bar food; snacks; shareables; vegetarian; vegan
Customer Demographics: Wide range of ages; business people; locals;shoppers
Type of service: Table
Hours of operation: 3:30 pm – 11 pm or midnight (currently); usually noon to 1 am
Number of employees: 20 – split between two businesses and mixed full-time and part-time

Leasing information:

Rate per sq. ft.: $39 per sq. ft. base rent
C.A.M.: $12 per sq. ft.
Lease Term: Goes to July 2023
Option Periods: One 5-year option
Deposit held by Lessor: 1 Month
Financing: Treat as clear title

Please contact Chris for any questions or to set up a showing.