DESCRIPTION
Danville Bar & Grill established 35 years with strong net and sales
This very successful and popular Bar and Grill in downtown Danville has been established over 35 years. It serves the upscale community of Danville with great burgers, salads, sandwiches, entrees, and daily specials with a full liquor bar and a variety of beers. It enjoys a great corner downtown location with approximately 100 seats inside and 72 outside seating on a wonderful patio shaded by a large oak tree. It has a good lease with 20 years remaining including two (2) five -year options. There is a well trained staff with many very loyal long term employees and several shift managers. 2021 sales were $2.6 million with $440,000 adjusted net income. The current owner worked with the founder and is planning to retire.
Lease:
Term: March 31, 2032
Monthly Rent: $12,500 annual cpi 2-4%
NNN: $18,394 annually including real estate taxes and building insurance
Options: Two (2) 5 year at FMR
NO BROKER CO-OP.