Restaurant asset sale-->Keep or Change

1. Store size: 3,040sf
2. Business hours: 11am~9:30pm(Mon close)
3. Rent & Increase: $9,100+$1,800(CAM), 5%per year
4. Lease & Deposit: 2.5+5 years, $22,000
5. No. of Employee: F 0, P 2($5,000)
6. How long owner work per week: 2 Owners full time
7. How long Estab: 08/2021
8. How long current owner: 08/2021
9. Reason for sale: Focus on other business
10. Gross sale: $80,000
11. Net income: Asset sale
12. Asking price: $300,000
13. Comment:
This restaurant is located in a high-traffic area, indicating significant potential. You can either continue operating it as is (a Persian restaurant) or rebrand it as a different type of restaurant or bar(Pub).
The entrance features a beautifully decorated patio, and upon entering the two-story establishment, the first floor houses a small bar and dining area. Going upstairs, there are two private rooms, with one of them equipped with a karaoke system.
The establishment holds an Alcohol license type 41 (Beer & Wine).
If you sign an NDA, we can provide you with all the information and photos of the venue.