12 SW 1st Avenue

Description

Paramount Grill presents an excellent opportunity for a new owner to take over a well-established restaurant with a solid reputation and strong financial performance. Whether you're an experienced restaurateur looking to expand your portfolio or an entrepreneur entering the hospitality industry, this turnkey operation offers a compelling investment in a sought-after location. Serious inquiries are encouraged to explore this rare chance to acquire Paramount Grill and continue its legacy of culinary excellence and profitability. For further details or to schedule a viewing, please contact us today. Key Features: Seating Capacity: Accommodates 78 guests comfortably. Location: Enjoy a prominent position with a full sidewalk frontage, ideal for attracting foot traffic. Liquor License: Fully licensed for wine and beer service, enhancing the dining experience. Established Tenure: Successfully operated for 4 years under current ownership. Lease Details: Monthly rent of $3,737 includes sales tax, with property taxes covered by the landlord. Insurance Responsibilities: Interior insurance expenses managed by the chef, while building insurance is covered by the landlord. Size: Spans 2,800 square feet, providing ample space for dining and kitchen operations. Financial Performance: Boasts a robust gross annual sales figure of $1.4 million, translating to a net income of approximately $4,000 per month.