You Get More Than You Pay For here
Asking Price: | $899,000 |
Gross Revenue: | $2,200,000 |
Cash Flow: | $250,000 |
FF&E: | $1,200,000 |
Imagine a culinary haven where every detail is meticulously crafted to offer an unparalleled dining experience where guests can savor traditional Italian cuisine, expertly prepared. This is not just a restaurant/lounge/bar; it's a destination that promises an adventure for the senses. With 6300 square feet spread over multiple levels, each corner of this space tells a story of elegance and sophistication. The rent, a modest $8100, includes CAM, property taxes, and insurance, making it an exceptional find in today's market where such a low rent factor of 4% is a rarity. Open for six bustling evenings or dinner and popular happy hour. The recent total renovation from top to bottom with all new mechanicals, costing over $1.3 million, has transformed the space into a state-of-the-art marvel. Brand new equipment, a top-tier sound system, and bars equipped with the latest technology set the stage for an epicurean journey. This restaurant and lounge is a treasure trove for any restaurateur, The interior features 90 vibrant seats on a balcony complete with a full bar and TVs, plus an additional 90 thriving seats on the lower level, which includes a full bar, stage, and sound system offers a vibrant atmosphere for guests to indulge in the rich flavors of traditional Italian cuisine and late night, while the balcony, featuring a full bar and TVs, provides a view of the thriving scene below. This restaurant/lounge is a remarkable opportunity with everything brand new and an extraordinary rent. Don't let this chance slip away; it's a golden ticket to a thriving business and an investment in a future filled with flavor and festivity.