| Asking Price |
$595,000 | Inventory |
$12,000* |
|---|---|---|---|
| Gross Income |
$120,000 | Real Estate |
$375,000* |
| Cash Flow |
$60,000 | Year Established | 1998 |
| FF&E |
$50,000* | Employees | 6 |
* included in the asking price
** not included in the asking price
Currently rented, perfect for you while you arrange to move down and owner operate for maximum profits. Contract is for 3 years if interested in renewing lease with tenants. 8000 sq ft, 3 separate yet connected areas, fully permitted with liquor license and unlimited events permits. Outdoor play area has a three story McDonald Playland with pool of plastic balls and two slides. Indoor section of Restaurant has 5 200 gallon acquarium, and rustic iron, wood and glass tables. Seating capacity outside rest. is 80 (4 at each table) inside restaurant is 60, inside Bar 22 at bar and 130 seated at tables. Total seating capacity is almost 300!!! Bar is connected to Restaurant yet divided by a wall with three glass doors. Bar has a Boat- artistically designed, in the center with its own Pirate and attractive Mermaid. Live music on Saturdays and the most successful Karaoke on Friday nights. The largest bigscreen projector (15ft) in town attacts crowds for sporting events.
Facilities: Everything is in working order considering the Restaurant is open.
Competition: 1 km from town, close but not in the middle of the hustle and bustle. There are no transients walking or hanging out in front, parking is 700 meters on the street. Fully insulated for concerts, 10 years in operation, known throughout the region as a family location and place to watch a concert or sporting event. This town is considered the fastest growing city in Central America. The soon to be paved coastal hwy will open all of San Jose and northern tourism to this southern commercial center.
Growth/Expansion: There is a lot of room for expansion within the 8000 sq ft. A second story can be added which could be used as a VIP section or mezzanine in the bar, or concert hall, Large Live-in LOFT could be put over the restaurant. An outdoor area with views of the mountains can also compliment the business. There are four lots adjacent to the restaurant available for purchase.
Financing: 50% at 9% oac 2 years then balloon payment
Support/Training: A qualified administrator will provide assistance in all areas of Management, Finances, Fiscal responsibilities, local legal requierements, and employee law.
Reason Selling: Relocating

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