Saturday, June 24, 2017

Established Upscale Restaurant and Wine Bar Hot Location
(Restaurants, Full-Service Restaurants)

Columbus - Ohio, Franklin

Seller Financing: No
Lender Pre-Qualified:
Listing ID: 82286
Office ID:
Status: Active

Listing Details

Listed Price: $569,900
Down Payment:
Total Sales: $2,451,518
SDE: $302,056
EBIT:
EBITDA:
FFE: Included?
Real Estate: Included?
Inventory: $90,000 Included? No
A/R: Included?
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Contact Information
Frank Nunziata
Jim Tharp Realty
Columbus 43235
Cell: 614 325-6206
Fax: 614 431-6450
Office: 740 965-1981
Email: rhifan@yahoo.com
www.jimtharprealty.com
Send Email To Agent
Reason for Sale:
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Seller has other interest.
Training:
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Seller to provide sufficient training and transition to insure a smooth transaction.
Financing Terms:
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No Seller financing offered will be directed to SBA.

Operations

Year Established: 1980
Last Acquired: 1980
Form of Ownership: Corporation
Home Based: No
Relocatable: No
Type of Location: Strip Center
Absentee Owner: No
Online:
Employees: Full Time: 23 / Part Time: 32
Managers: 6
Hours:
Owner Hours:
Non-Owner Payroll:
Franchise Info: Independent not a franchise.

Location

Lease Expire: 11/22/2022
Option: No Option However One Can be obtained from landlord.
Lease Terms: Lease expires 11/22/2022 with annual CPI rent increase throughout the term.
Lease Security:
Monthly Rent: $20,708
Square Footage: 9025
Facilities:
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Restaurant is 5,820 sq ft with two bar areas, several separated dining areas (Seats 160), & patio (Seats 36). The Wine Bar is 3,205 sq ft featuring a wine bar and comfortable seating throughout the space. (Seats 113). The Restaurant and Wine Bar have Upscale tasteful decor with the atmosphere being very comfortable and warm.

Professional kitchen with several hoods, walk in coolers, and a fantastic prep kitchen. Equipment would be any professionally trained Chef's dream.

Summary

Business Description:
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Established casual fine dinning Restaurant and Wine Bar fantastic location with heavy traffic, both foot & Cars. The Restaurant has over 33 years of successful operation and the Wine Bar has experienced 19 years of the same.

Both venues have a comfortable, fun, and eclectic environment, where people can enjoy some of the finest international cuisine as well as wine and beer offerings from around the world. The restaurants menu continues to evolve but the main focus has never changed: provide world class cuisine and a high standard of service. The Wine bar offers an atmosphere to relax and enjoy small plates paired with a glass or bottle of wine or imported beer. The Wine Bar also sells wine and beer by the case and bottle. The Restaurant also does off site Catering.

The sale includes two Full Liquor Permits (Beer, Wine, Spirits) one permit provides for carry out. Also included is the long list of well maintained kitchen equipment as well as all recipes.

Very Consistent Sales and Profits Year after Year !

The Sale is HIGHLY CONFIDENTIAL-

All parties will be required to sign a Confidentiality agreement and provide proof of their financial ability to complete a transaction.
Historical Summary:
Owner Qualifications:
Competition:
Potential Growth:
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Located on a street with heavy foot & auto traffic. There are apartments, condo's and single family homes surrounding the market.

 

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