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Asking Price$150,000
RevenueUndisclosed Established2007
Cash FlowUndisclosed Employees5 full-time
FF&E$40,000* FranchiseNo
Inventory$7,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great business opportunity for a hands on owner operator or experienced Restaurateur to purchase an existing restaurant that is attached to a major Arlington Landmark! The restaurant space is approx. 1420 sq ft with a capacity for 49. The kitchen is a great size and equipped to handle large volumes to effectively enable the business to serve dine-in, carryout and customers seeking delivery. The rent is very low considering the location and on street visibility. With this restaurant, being part of a ‘landmark’ property it is insulated against many potential hardships, which limits any potential downside. The sellers are extremely motivated and willing to entertain all reasonable offers, even joint ventures with the right owner operator. If you are looking for a great restaurant opportunity, this is like no other, don’t let it pass you by!
Facilities:The 1420 sq ft restaurant that is leased for $5,110/mo is located in an old building, designated as a landmark by the city of Arlington right in the heart of the city, which is considered to be a trendy and affluent area. The restaurant has a capacity for 49 people with a bar and dining area, it even has a small stage to host live shows. The restaurant is next to, with a separate as well as an attached (adjoined by a single door that can be closed and locked) a major hot spot that is a huge draw and would provide a great customer base for any restaurant concept. The restaurant has an oversized kitchen which will allow the space to adapt to any menu and concept a new owner may have.
Competition:There is standard restaurant competition in the immediate area, but it is located in a high traffic destination market for restaurants and night life, so any concept should be successful with a hands on owner operator or someone with experience in the restaurant industry.
Growth Potential:This opportunity is limited only by the size of the seating (49 persons). The kitchen size and equipment is able to accommodate dine-in, carry-out and deliveries. Arlington is a heavily populated city, and the local landmark that is next door draws constant crowds, especially in the evenings.
Training/Support:Seller will provide necessary training and support as needed.
Seller Financing:Yes, depends on the final purchase price, terms and qualifications of the buyer.
Sale Reason:Pursuing other business interests.
Ad #87679
Seller Reference #HZ268TH
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Contact This Seller
Thomas Hennessy
571-318-4349
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