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St. Louis

  • Listing No.: 133-00084

  • Category: Food - Restaurant

Asking Price $499,000
Down Payment $499,000
Gross Revenue $2,008,385
Total Adjusted Net Income $127,716
Equipment/Fixtures $300,000
Year Established 2015
General Location St. Louis
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This is a very well known restaurant in a location that is truly tough to beat right on one of the highest traffic streets in St. Louis. It is run absentee and has a general manager in place who oversees the day to day operations.  The seller is not experienced in the restaurant industry, and thinks someone with a more appropriate skill set will see more success. The build out was approximately $1.2 million and approximately $300,000 in FF&E is included. The equipment is all in exceptionally good condition.

Gross Revenue $2,008,385 Listed Price $499,000
Total Income $127,716 Down Payment $499,000
Base Rent $10,000 Square Feet 4500
Total Rent $13,000 Lease Expiration 9/2020
Rent Deposit $0 Lease Options 2 x 5 Year Options
Inventory $0 Leasehold Improvements $1,250,000
Equipment/ Fixtures $300,000 Other Assets
Full-Time Employees 1 Training Period 2-4 Weeks
Part-Time Employees 20 Special License Required
Contract Staff 0 Reason for Selling Other Non-Restaurant Business

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.