5015 Magazine St, New Orleans, LA 70115

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5015 Magazine St is located in New Orleans, LA.

Fully turn key, high end restaurant on Magazine Street for sale (business only). Restaurant is fully permitted with liquor license and occupational license to operate. Owner recently spent over $250,000 on new restaurant equipment, Micro POS system, furniture, licensing, and other fixtures (list of improvements can be furnished upon request). The restaurant owner is looking for someone to purchase the restaurant and take over the lease. Restaurant currently has 3 years remaining on lease, plus an additional 5 year renewal option (extension could likely be worked out with Landlord). Business must be purchased in order to take over the lease - asking price $250,000.