Restaurant With Drive Thru & Bar And Full Liquor License For Sale

Business description

Located in affluent town within ½ mile of a major highway exit/entrance and a prime commuter route. The usage had been a casual American food restaurant serving breakfast, lunch and dinner. A convenient drive through window, gourmet coffee and pastries provided the capability of keeping customers flowing, even for off peak meal hours. The owners invested $1.5 million in startup costs for this lavishly appointed and well equipped restaurant and cocktail lounge. The original restaurant opened in 2005, and a year later the cocktail lounge was added- a beautifully appointed bar with sit down tables makes the entire facility quite expansive. The two areas can be bought and leased together or separately. There are beautiful fireplaces in both areas, large screen TV’s, lounge area with leather couches, private meeting/party room, and even an outdoor patio complete with a spectacular firepit in a field stone hearth. Current owners do not come from a restaurant background and were not on site to manage the operations. Cost of goods and payroll were well beyond industry norms. Sales of about $80,000/month demonstrate that sufficient demand is there for a restaurant pro to come up with a winning motif and make this a profitable operation. Will consider a division onto the restaurant up front at an estimated price of $150,000 for the restaurant and $100,000 for the cocktail lounge.

Property information

Real Estate:

Lease

Lease terms:

Occupies the high visibility street frontage location within the L shaped plaza, with plenty of common parking. The total sq footage is 3400 sf - restaurant 2200 sf, bar 1200 sf. The plaza was newly constructed in 2005.

Other information

Expansion potential:

The expanding town population plus the fact that it is located on a busy thoroughfare should provide the traffic and population base to support a well run hospitality operation. Major pluses to exploit are 1) the full liquor license, which can be used jointly in both the front restaurant and rear cocktail lounge, and 2) the always coveted drive through window.

Competition / Market:

This is the only restaurant facility on a particular section of a heavily traveled route. There are a myriad of restaurants in the center area, so this enjoys the advantage of a more convenient location for those living in the faster growing part of town or commuting from the adjacent growing communities.

Support & training:

Owners will advise.

Reasons for selling:

Absentee owners not able to be on site to manage.

Financing available:

Negotiable