Unbelievable price reduction. Owners need to move this place. Now is the time to capitalize on this outstanding opportunity. The owners here have done everything right. You have two completely separate businesses under the same roof. The restaurant already has good sales that will only get better as the busy summer season approaches and the word continues to spread about this great new place. The restaurant/bistro was professionally designed and built from the ground up and with the adjoining market and deli cafe these two places will be drawing a completely separate set of customers. Both places have been designed with the surrounding community in mind as customers. Two completely separate concepts with separate addresses but right where they need to be. You will not find a better synergy of concepts and demographics in the area.
The restaurant has to be seen to be truly appreciated. From the location to the menu to the web site to the seasonally rotating menu and outstanding wine bar, this place has it all. Words can not describe the ambience and feeling of tranquility and well being that every customer enjoys here. The restaurant has averaged 78k per month in gross sales after the first 10 months of business and is on pace to do nearly a million in gross sales with the completion of the first 12 months. With the outstanding reviews on Yelp and the owners continuous dedication to service the sales will only grow from the current base. Add a full liquor license and this place will be off the charts.
The adjoining market and deli next door is projected to gross and additional 25-30k per month. There is nothing else like this place anywhere near it. The captive audience and affluent passers by love this new addition to the community. Between the two businesses the expected gross is close to 1.4 million a year.
Rent for this high traffic, blocks from the ocean space, which includes both the restaurant and the market is $10,083 per month and CAM's are $3727. The current lease term expires in February of 2021 and there are two five year options available. These places will be a staples in the community for a long time to come. Total square footage for both locations is 2872.
You will not find a better planned and developed business than this. The build out alone was over 500k and that does even consider all of the time, effort and the true labor of love that went into every detail of this business.
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Population | 1-mi. | 3-mi. | 5-mi |
---|---|---|---|
2014 Total Population | 18,299 | 46,642 | 138,825 |
Households | 1-mi. | 3-mi. | 5-mi |
2010 Number Of Households | 7,807 | 21,415 | 70,472 |
2010 Persons Per Household | 2.28 | 2.12 | 1.82 |
Median House Value | $834,800 | $717,602 | $557,878 |
Income Per Household | $82,075 | $68,618 | $60,927 |
Businesses | 1-mi. | 3-mi. | 5-mi |
2009 Number Of Businesses | 719 | 1,359 | 8,426 |
2012 Number Of Employees | 16,746 | 26,320 | 257,170 |
2012 Total Annual Payroll | $319,727,000 | $491,969,000 | $4,294,967,295 |
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