Beautiful Mexican Restaurant & Bar located in a highly desirable neighborhood location. This restaurant is location in a mixed-use building with 20 high-end residential units above. This is a high traffic site with attractive outdoor patio seating and plenty of parking. The owner spent over $800k on the buildout. This could be run as is or converted to almost any concept. Assumable bank loan of $520,000.
Parking: Plenty of available parking
Lease Terms: 4 years remaining plus two (2) five-year options
Base Rent: $14,646 gross
Seating: Capacity for 100 inside, 25 on patio
Size: 5,000 square feet
Hours: Open 7 days for lunch & dinner
Licenses: Full Liquor License (2am)
Sales: $1,400,000 (60% food)
Concept: Mexican Restaurant & Bar
Asking Price: $649,000 (For the Business) – Assumable bank loan of $520,000