5236 S Ridgewood Avenue

Description

D-Y-N-A-M-I-T-E Destination! Welcome to the World Famous ''First Turn Steakhouse''!! Delicious Food, 3 Sports Bars, Karaoke and/or Live Entertainment Daily, Inside & Outside Venues, Clothing Kiosk, Cornhole Tournaments, Charity Events, Priceless Memorabilia, Sizable Parking Areas, Prime Location and so much more... People from miles around come to enjoy the food, the vast display of racing memorabilia, the entertainment and the special events. A popular destination for NASCAR Race Fans & Motorcycle Enthusiasts year-round! Local musicians and bands are featured at the indoor and outdoor live entertainment stages. The indoor Steakhouse has a bar, entertainment area, multiple wide screen TVs and plenty of bar & table seating. The 2 outdoor Sports Bars have both inside covered bar seating andoutside covered bar & table seating and a huge entertainment area for live music and events. The Original First Turn Steakhouse & Sports Bar business was founded by the current owners in 1984 and has been at this location since 1988. Two options are available: 1) The opportunity to purchase a "Turn-Key" restaurant business with 2.38 acres of property, with a proven history of success and with additional -lease opportunities of other US 1 frontage detached commercial store fronts. Perfect for anyone seeking an immediate, excellent cash flow and profitability. Included in the business, land & building sale: Type 4COP+Package Liquor License, tenant lease income, business name, good will, signs, decor, furnishings & equipment with lease opportunities of US-1 frontage detached commercial store fronts and all of the land. The business and land sale includes current business income of 2M+ annually plus opportunity for an additional $34,000+ from rental units on the property. The restaurant is 5,125 square feet with a modern up-dated kitchen, detached refrigeration units, multiple bar refrigerators and equipment to easily service the largest events are all included in the sale along with All NASCAR & Biker memorabilia & dcor, furnishings and fixtures. The 2nd floor is 2,085 square feet of offices and storage and the separate, covered "Tiki" Bars (2) are surrounded by 3,020 square feet of covered outdoor space for the complete dining (up to 200 customers) & entertainment experience. Strategically located on a corner lot with high visibility & traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Commonwealth Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (document with list of approved development use is attached). Business financials are available to qualified buyers/investors with proof of funds, an acceptable offer and a signed NDA. $2,650,000 2) The opportunity to purchase the "Turn-Key" restaurant only and lease the buildings and land that it has been established on and has become so famously known. The restaurant currently has business income of 2M+ annually and is 5,125 square feet with 2,085 square feet on the 2nd floor with offices and storage and the separate, covered "Tiki" Bars (2) are surrounded by 3,020 square feet of covered outdoor space for the complete dining (up to 200 customers) & entertainment experience. The property includes 2.38 acres of Commercial Land with tenant income opportunities of $34,000+ annually. Included in the business sale: Type 4COP+Package Liquor License, tenant lease income, business name, good will, signs, dcor, furnishings & equipment with lease opportunities of 2 other detached US-1 frontage commercial store fronts. Abundant parking areas can accommodate approximately 200 vehicles or 2,000 motorcycles. There are 2 entrances on US-1 (Ridgewood Avenue) and 1 entrance on Commonwealth Blvd., providing easy access for patrons. Prime frontage on US-1 (Ridgewood Ave.) is 506'. A modern up-dated kitchen, detached refrigeration units, multiple bar refrigerators and equipment to easily service the largest events are all included in the sale along with All NASCAR & Biker memorabilia & dcor, furnishings and fixtures. Strategically located on a corner lot with high visibility & traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Commonwealth Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (document with list of approved development use is attached). Business financials are available to qualified buyers/investors with proof of funds, an acceptable offer and a signed NDA. $650,000