Greg Malik Real Estate

Long term established as an S Corp in 1989 with 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. A complete turn-key operation. This beautifully designed and well-appointed restaurant of 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 transferable license. FFE valued at $160K Leasehold Improvements valued at $185,000. Employees : 32 includes 28 part time and 4 full time Owner active 40 hrs per week. Rent: $10,000.+ CAM/Utilities. Includes 4605 sq ft for dining & kitchen space, 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 : $1,344,752

  • MLS# SC18203934
  • Sub-Type Resale
  • Status Active
  • Days On Site 28
Story(s) 0
Listing Provided By:
Vivian Hanover  of  Vivian Hanover Broker
 
 
this listing $375,000
54.26%
$819,900 in 93405
this listing 28 on site
30.00%
40 on site in 93405

Location

State CA
County San Luis Obispo
City San Luis Obispo
Zip Code 93405
Area SLO - San Luis Obispo

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