Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$525,000	Inventory
Gross Income	$798,000	Real Estate
Cash Flow	Not Disclosed	Year Established	2001
FF&E	N/A	Employees	15-20

* included in the asking price

** not included in the asking price

Millions in revenue, Walking distance to two major hotels

Incredible opportunity for experienced operator or regional/national chain for prime loc. w/ over 3/4's of a million dollars of documented gross per yr. Banquet facility rev; separate in some cases. The restaurant is a free standing facility with 8,700 sq ' of interior space. (1) Priv. dining rm, with seating for 40-60, main dining room with seating for over 100, enc'l ext. patio with louvered automatic fresh air ceiling & seating for over 60, full bar area with seating for over 50, adjacent dining & entertainment area with seating for 80+. 8 big screen t.v.'s for sporting events, and ent. area with addtional dining area if desired. Two full kitchens, two full server rooms, 3 walk in refrigerators, 1 walk in freezer, 1 free standing freezer, full salad bar/ buffet fixutre in main dining area ,full bus station room with auto dishwashing racks and rollers, full dry storage room. (Handicap bathrooms for patrons, and separate restrooms for employees.) What makes this special is the lease. The owners are the landlords. We are offering a remarkable 10 year term with (2) 5 year options at 1.20 per square foot & NNN .20. C.P.I. increases every 5 years of 12%, and option period renewal adjustments of up to 10% after year 10. We are looking for a succesful operator with a track record.

Facilities: Restaurant has frontage to major intersection, just off 101 fwy and is around the corner to the entrance of Sterling Hills and Sunset Hills Country Clubs. Facility is a full service restaurant, bar, and banquet facility. Building is free standing, and has over 8,700 square feet of interior space. Parking for over 100 vehicles and shares lot with major hotel. There are two major hotels within walking distance. Facility has had over 1.0 million in renovations in 2002 & 2003.

Competition: Facility provides full Banquet, full Bar #47 license, Entertainment, and Restaurant Steak/Seafood menu. Open for Lunch/Dinner. Does open for brunch on special dates.

Growth/Expansion: 25% Lunch, 15% group, balance of revenue is nightly fine dining and bar business. Plenty of room for expansion in banquets and nightly entertainment.

Financing: Seller will consider up to a 50% carry back based on strength of buyer

Support/Training: As needed

Reason Selling: Multiple locations, owner wants to downsize responsibility