CONFIDENTIALITY IS OF THE UTMOST IMPORTANCE TO THE SELLER. ALTHOUGH YOU MAY
RECOGNIZE THIS POPULAR LOCATION, DO NOT SPEAK TO THE SELLERS OR THEIR
Long term established as an S Corp in 1989 / same owner since then,
operating, profitable, excellent location, superb condition, quality FFE,
amenities include long term favorable lease rate, utilized banquet room,
strong established community branding with catering expansion opportunities.
Location: San Luis Obispo , Ca.
A complete turn-key operation. This beautifully designed and well-appointed
approx. 4605 square feet including banquet room, foyer and bar, locate in a
busy shopping center . Seating capacity is approx. 180. There are quality
and distinctive leasehold improvements which include intimate dining
spaces including a fireplace, custom light fixtures, foyer, bar and back bar
with wine rack, under counter
refrigeration, 10 foot ceilings and more. All this adds up to an eclectic
elegance which makes a perfect space for full service dining or even a more
casual fast concept. Fully equipped and efficient kitchen with 10 burner, 12
foot type 1 hood and well executed line. 2 ADA bathrooms. Includes a type 41
FFE valued at $160K
Leasehold Improvements valued at $185,000.
Employees : 32 includes 28 part time and 4 full time Owner works 40 hrs per
Rent: $10,000.+ CAM/Utilities. Includes 4605 sq ft for dining & kitchen
Term to 2031 includes 3 years + (2) Five year options to renew. Base rent –
$2.50 per sq ft.
Inventory $40,000. Included at wholesale value
Gross Sales : $1344,752 Seating : 180
*Wall Art excluded from Sale and available on Consignment
DISCLAIMER: the Seller herein furnished the information to Vivian Hanover,
Broker & Pacific Coast Brokers, Inc. Who makes no representation or warranty
as to its accuracy or completeness. Future Discretionary Earnings may
differ from past Discretionary Earnings.