The price for this FULLY RENOVATED Bar and Restaurant has been recently reduced to only $129,000. This is a 2500 sq ft 'Turn Key' Bar and Restaurant with a Type 47 hard liquor license with a low rent of $1 per sq ft located in the city of Stockton. Recently renovated and transformed into a this extremely attractive bar and dining area seating 40, a patio 10 and a private dining room 30, 80 seats in total with a fully equipped kitchen. Due to family illness the owners need to move on and have to sell their beloved business. This bar and restaurant has annual sales in excess of $400,000 with the owners are virtually absentee. The kitchen is fully equipped with a type 1 hood and fire suppression system, refrigerated work tops, broiler, flattop, 6 burner stove, ovens and deep fat fryer with ample prep space and storage. The dining room with 40 seats with 10 seats at the bar and a further 10 on the small outdoor patio with a gas flame fireplace feature complementing this recently renovated modern appeal. A separate private dining room seating 30 and a spacious office completes this extremely appealing bar and restaurant opportunity with such low rent. Complete the 'Confidential Information' request at the top of this page and we will send you the name, address, financials & lease for this business. We will also send you the broker contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationCorporation
  • Established1995
  • Current Owner2014
  • Employees11
  • Reason For SaleOther Interests

Facilities

  • Seating80
  • Square Feet2500 + Patio
  • Parking100+
  • LicensesHealth, Business and ABC Type 47 License
  • Open Hours11.30am - 10.00pm Daily

Lease

  • Rent$3,000 inclusive NNN
  • Expiration2019
  • Yearly Increase2%
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue40,000
  • Monthly Cash FlowContact Broker for Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$Contact Broker for Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial 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.

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