SOLD – Restaurant for Sale – Adjacent to an Arlington Landmark!
Asking Price: 75000.00
FF&E Value: 40000.00
FF&E Included in Sale: Yes
Inventory Value: 7000.00
Inventory Included in Sale: No
Real Estate Value: $
Real Estate Included in Sale: No
Year Established: 2007
Listing Number: HZ268TH
Great business opportunity for a hands on owner operator or experienced Restaurateur to purchase an existing restaurant that is attached to a major Arlington Landmark! The restaurant space is approx. 1420 sq ft with a capacity for 49. The kitchen is a great size and equipped to handle large volumes to effectively enable the business to serve dine-in, carryout and customers seeking delivery. The rent is very low considering the location and on street visibility.
As this restaurant is part of a ‘landmark’ property, it is insulated against many potential hardships, which limits any potential downside. The sellers are extremely motivated and willing to entertain all reasonable offers, even joint ventures with the right owner operator. If you are looking for a great restaurant opportunity, this is like no other, don’t let it pass you by!
Description of Facilities:
The 1420 sq ft restaurant that is leased for $5,110/mo is located in an old building, designated as a landmark by the city of Arlington right in the heart of the city, which is considered to be a trendy and affluent area. The restaurant has a capacity for 49 people with a bar and dining area, it even has a small stage to host live shows. The restaurant is next to, with a separate as well as an attached (adjoined by a single door that can be closed and locked) a major hot spot that is a huge draw and would provide a great customer base for any restaurant concept. The restaurant has an oversized kitchen which will allow the space to adapt to any menu and concept a new owner may have.
There is standard restaurant competition in the immediate area, but it is located in a high traffic destination market for restaurants and night life, so any concept should be successful with a hands on owner operator or someone with experience in the restaurant industry.
Growth & Expansion:
This opportunity is limited only by the size of the seating (49 persons). The kitchen size and equipment is able to accommodate dine-in, carry-out and deliveries.
Arlington is a heavily populated city, and the local landmark that is next door draws constant crowds, especially in the evenings.
Seller Financing Available:
Seller Financing Terms:
Depends on the final purchase price, terms and qualifications of the buyer.
Reason For Sale:
Other business interests.
Seller Support & Training:
Seller will provide necessary training and support as needed.
Great opportunity for a hands on owner operator or experienced restaurateur to purchase an existing restaurant that is attached to a major Arlington Landmark. The space is located on a major thoroughfare in one of the fastest growing parts of Arlington County!