This high profile Hillcrest restaurant with a beer and
wine
license and parking offers it’s buyer an excellent location
with great street visibility on one of Hillcrest’s main
thoroughfares. The restaurant is fully equipped and
provides a new owner an attractively priced, turn-key
Hillcrest location with a beer and wine license. The
owner
purchased the restaurant without much formal
restaurant
experience and has decided to sell to focus on their
primary careers. As such, a buyer will be able to
capitalize
on the seller’s motivation to complete a transaction
sooner
than later.
The restaurant is located in a 2,000 square foot facility
that leases for $4,000 per month plus common area
maintenance expense of approximately $700 on a lease
valid through 2012. The sale includes all the business
assets such as the furniture, fixtures, kitchen equipment,
small wares, and the beer and wine license. Inventory
will
be sold at cost at close in addition to the purchase price.
Competition is high, as Hillcrest is known as a hotspot for
unique and trendy restaurants. That said, Hillcrest
restaurants have a built-in customer base that tend to be
loyal to local restaurants.
This business has excellent growth potential. A new
owner may seek to carry on the existing concept, which
has been offered at this location for over 10 years, or
convert it to a number of other concepts such as Indian,
Mediterranean, Italian, Chinese, Japanese, Mexican,
BBQ, Burgers, Pizza, Vietnamese and more.
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