For Sale

The Local Kitchen & Bar

13894

Property ID

1,504 sf

Size

$599,000.00

Description

Business and FF&E only.
No real estate included.
The Local Kitchen and Bar has been designed to serve delicious, locally sourced food with Montana’s Best beers and wines in a relaxed, fun atmosphere. The décor of the restaurant is done in a ” Modern Wrangler” motif. The style of this cuisine is unique yet familiar. New spins on old dishes always satisfying and fun. Friendly staff add an experience to your breakfast with friends, business lunches or evening dates! Owner purchased the business from original operator in Dec of 2019. Gross sales stood at a maximum of 500-600k annually. Gross revenue has increased through this. Sellers operations to over $850,000 year! Now you can take advantage of his hard work and restaurant experience with this business opportunity. The previous owner has decided to sell only because he has ownership in another restaurant and is willing to see someone else take this business over. The sales are strong for 2022. Must sign NDA for financials.

PROPERTY HIGHLIGHTS

Beer and Wine license included. 70/30 Food/ Bev. $30,000 value
Beech gas assist Wood pizza oven. Value of $50,000 +/-
35 interior seating & 30 exterior patio seating.
Buildout and Leasehold interests. $250,000 value.
$11,000 in monthly inventory of food and beverage on hand.
4 full time employees.
1 Full time GM. $55,000 yr salary. New Owner could step
back into this position and retain the wages if desired.
5 Part time employees.
10-12% profit margins.
Gross sales average $850,000 year +/-
Restaurant has been in operation since 2015.
Current lease through Jan 31, 2025
$2113 month through Jan 31, 2022.
$2240 month through Jan 31, 2025
$588 month for NNN
Up and coming area for west end of city with good traffic.
Facebook reviews 4.7 Stars :
https://m.facebook.com/LocalBillings/
Yelp : 4 Stars and 105 reviews
Menu and website : https://localbillings.com

Address

  • Country: United States
  • Province / State: Montana
  • City / Town: Billings
Open on Google Maps
  • Property ID 13894
  • Price $599,000.00
  • Property Type Retail
  • Property status For Sale
  • Size 1,504 sf
  • Zoning CMU1-Corridor Mixed Use 1

File Attachments

Local-Bar-restaurant-Brochure-2022.pdf Download

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Contact

Shaylee Green

Property Agent
(406) 208-7723
shaylee@cbcmontana.com
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