Newly Renovated Restaurant and Bar Near Richmond Ave. and Kirby Freestanding Building with Private Parking Financials: Price: $ 450,000 FF&E: $ 175,000 Finish Out: $ 250,000 Inventory: $ 15,000 Gross Revenue: $ 750,000 Projected – See Financial Summary Business Summary: Located in an area known for restaurants . The restaurant faces Richmond Ave. It is a freestanding building with private off-street parking. The building is about 4,800 sq. ft. Inside, there is a long bar and two dining areas and there are two patio areas outside. The bar was redesigned and rebuilt with a custom beer dispensing system that keeps the beer extra cold and speeds service. The kitchen was also renovated . It has an efficient layout with an extra long vent, efficient prep area, two walk-in refrigerators (one for food and the other for beer and wine. The value of the Build-Out is about $250,000 . The cost of the new FF&E was about $175,000 . Asset value is more than the sales price . Exceptional Lease Terms and Rent were negotiated and can transfer to the buyer. The restaurant has a professionally designed menu that eliminates the need for a named chef and keeps the food cost to 25%. Cost to operate the restaurant (approx. percentage): Food : 25%, Labor : 20%, Liquor : 20% (Average of Liquor, Beer and Wine), It is anticipated that an Owner/Manager could retain 25% to 30%. Sales History : A restaurant operated in this location for more than 10 years until the owner had a dispute with the landlord. Although records are not available, we understand the restaurant grossed about $1 million annually. Since it has been