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Restaurant & Bar Business
Location: United States -> Louisiana -> Baton Rouge
Industry: Bars and Nightclubs > Bars and Pubs




Business Summary

This large restaurant/bar business for sale in Baton Rouge, Louisiana seats 175-180. Building has approximately 6,000 sq ft of area. Restaurant is located just off the intersection of college drive and I-10 in the perkins road, college drive, corporate boulevard corridor. Business/building originally was the hottest nightclub in Baton Rouge, Louisiana. Current owner has transformed it to predominately a restaurant although it could easily go back to its origins.

After opening and operating the business for years, the seller leased the building/restaurant but the lessee defaulted and surrendered everything back to the owner. Business is currently closed. What is being offered is everything necessary to reopen the restaurant/bar. Business has a significant commercial kitchen with walk in cooler/freezer. All furniture, fixtures and equipment is in place along with a small bar inventory. An appraisal buy Cayard's Inc put the new market value of the furniture, fixtures, and equipment at over $200,000, with an actual market value of 25-30% of the new market value.

Owner of this large restaurant/bar business for sale in Baton Rouge, La has no desire to get back into operating the business as he is out of the area much of the time pursuing other business interests. Seller is highly motivated to sell. Seller will owner finance the sale with $50,000 down and a reasonable negotiated lease. Seller will seriously consider and promptly respond to all reasonable offers. Come see this exemplary restaurant/bar business for sale, meet the owner, make offer. Somebody is going to get a really good deal. Act fast before it's gone!


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $200,000
Seller Financing:  Yes

About The Business

Year Established:  2003
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Available.
Reason For Selling:  Other business interests / does not want to operate anymore.




Print Listing Id: 700202647
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > Louisiana Businesses For Sale > Louisiana Franchises For Sale > Louisiana Business Brokers



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