FOR SALE: 2nd Gen Restaurant Near The Quarry in SATX!
Offered at $200,000
Restaurant Realty Group has been exclusively retained to offer for sale the business currently operating as Matinee Cafe in the busy "Quarry" area of San Antonio. The restaurant was recently renovated and opened as Matinee Cafe last year, but the concept is not performing up to expectations and the owner's are ready to sell. The restaurant is located in Village on the Green shopping center and occupies the end cap opposite of Paesano's. This is an opportunity to purchase a turn key restaurant complete with all furniture, fixtures and equipment (FF&E) in a high volume, high income area of San Antonio..
Photographs
The following photographs represent the current condition of the restaurant space and the property inside.
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Facilities
The restaurant is located in Village on The Green shopping center on Basse Rd., just one block from the Quarry Market. The restaurant occupies a 1,710 SF end cap space with patio. It is on the opposite end of the shopping center from Paesano's. The space is very visible, easy to access, and has plenty of parking. The space has two great places for signage and has multiple points of ingress and egress.
The owners grow fresh vegetables and herbs on the side garden.
Furniture, Fixtures & Equipment (FF&E)
The cost of starting a restaurant from scratch is HUGE. Fundamentals like heating, air conditioning, vent hoods, plumbing, electrical, grease traps, sewage and fire suppressant systems cost far more than many people realize. For example, starting with a 2000 SF shell, tenants in the San Antonio area typically pay anywhere from $350,000 to $500,000, and up, for a complete build out... making it much less expensive for independent and small chain operators to purchase an existing restaurant operation than to start from a shell.
This is an asset sale. It includes: all of the furniture, all of the fixtures, and all of the equipment inside of the space... including custom cabinetry, dining room tables and chairs, patio tables and chairs, display cases, vent hoods, walk-in refrigeration with fixed and removable racks, side by side refrigeration, grease trap, advanced water filtration , stove, oven, microwave, mixers, fryer, grill, toaster, slicer, prep tables, cooling racks, warmers, pots, pans, knives, silverware, all smallwares, audio system, video system, POS system, security system, and much more.
Please contact us for a complete list of Furniture, Fixtures and Equipment.
Lease Summary
Current lease structure is a base lease plus triple net expenses (taxes, insurance, and maintenance). The new owner of the restaurant will be assigned the current lease, with LL approval.
Commences: 12/28/2018 (Date to be verified)
Size: 1,710 SF
BASE LEASE
Months 1-14: $28.00/sf
Months 15-26: $28.50/sf
Months 27-38: $29.00/sf
Months 39-50: $29.50/sf
Months 51-62: $30.00/sf
Triple Nets: Approx $13.38/sf
Current Lease with NNNs is approximately $ 5,896.00
Please contact us for a copy of the lease.
Location Information
The restaurant is located at 555 E Basse Rd #113, San Antonio, TX 78209, and is currently operated as Matinee Cafe. It's a block outside of Quarry Market shopping center which has some of the finest shopping, dining and entertainment in the city. Neighboring cities include the highly affluent Alamo Heights, Terrel Hills and Olmos Park municipalities. The area is minutes from downtown and easily accessible via McAllister Freeway, which runs right through the middle of San Antonio. Nearby traffic generators include Quarry Marketplace, Quarry Village, Quarry Golf Course, Lincoln Village Shopping Center (HEB, StoneWerks, Panera, Torchy's, Pei Wei).
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Demographic Data
The following demographic report provides valuable information and insights specific to Matinee Cafe, broken down into the traditional one, three and five mile rings. The report is in-depth and interactive. Move the mouse over pictures and graphs for additional information. Please, take your time and study this information. If you have a current location, or locations, you wish us to compare in a report, please contact us and we will be happy to work with you.
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Financials
This is not a stock sale. It is an asset sale. As such, the Seller is not releasing detailed financial reports. However, the seller is happy to provide financial information to potential buyers so that they may see lease payments, utilities, etc. Please contact us for more information.
Contact Information
If you are a qualified buyer with further interest in this business, please contact us. We'll be happy to help you with any questions, comments, concerns or requests that you have. If you would like to schedule a tour of the space, please propose two dates and times in the "Comment" box and we will do our best to accommodate you.
Broker Info
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DISCLAIMER: The above information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.
