Bardstown Rd Highlands Restaurant/ Bar for sale

Business Opportunity for Sale
Bardstown Rd Highlands Restaurant/ Bar for sale
Catylist Listing ID: 30287459
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $175,000
Name of Establishment: Confidential
Gross Revenue: $370,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 10/15/2018

Overview / Comments

Recently remodeled 2,200 sf restaurant /bar in the heart of the Highlands. Seating is 62 inside ( w/ room to grow) and 25 outside. Bar has easy to access kegerators in basement. There is a buffet setup beside the bar, but area could easily be remodeled to expand the bar area. The building is 2 story and the current owner is not fully utilizing the 2nd story space. Gross revenue is projected as the owner was not open full time due to family issues and catering a few days a week.
Confidential Listing. Business only, real estate is leased. Please contact broker for more information

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Industry Segment: Restaurants
Reason for Selling: Family matters
Value of Inventory Included ($): $2,500
Value of Furniture, Fixtures, and Equipment ($): $16,500
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: NNN w/ 4 years remaining on contract w/ 2 year option.
Employee/Labor Description: 3 full time employees 4 part time employees
Mgmt/Training Support Description: Not offered
Competition/Market Description: In the heart of the eclectic Highlands on Bardstown Rd., the popular restaurant and retail strip in East Louisville. Louisville has become a foodie destination with the Bardstown Rd corridor offering many different dining options.
Growth/Expansion Opportunities: The leased building has a 2nd story that is underutilized by current owner. They currently use the space for minor storage but could be used for additional seating.
Seller Financing Description: Not Offered

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Total Population: 17,881 108,245 256,682
Median Age: 41.47 39.3 39.49
Households: 7,684 46,439 110,546

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