1061 – Restaurant with Unbelievable Location – $124,900
This is a unique business with a very cozy ambiance. One of the best locations for hospitality businesses in the City! It has a sister business which is very popular. Buy one or both businesses and cover all your options!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross Sales: 2019 SALES $1.9 – $2.1M for two sister businesses.
Size in sq. ft.: 2,422 sq. ft.
Number of Seats: 40 seats plus a pop-up summer patio with 28 seats
Number of Parking Stalls: No dedicated parking
Style of cuisine: Small plates; shareables; cheese & charcuterie; vegetarian
Customer Demographics: Wide range of ages; business people; locals;shoppers
Type of service: Table
Hours of operation: 4 pm – 11 pm currently; usually noon to 1 am
Number of employees: 20 – split between two businesses and mixed full-time and part-time
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