Price Reduced to $2.5 million to include the Business and Real Estate. Only $600k required down to secure this beautiful restaurant. $2.5 million is the asking price for this superb opportunity to purchase the Real Estate, Business with it's Assets and the Valuable Placer County ABC Type 47 Hard Liquor License. There is an assumable $1.4 million SBA loan and the seller is willing to carry a further $500k of the asking price to well qualified & experienced operators. This beautifully designed 8500 sq ft Bar & Restaurant and 2500 sq ft Patio went through complete renovations in 2013/2014 and is in a complete 'Turn Key" condition. Currently doing business as an upscale establishment featuring international food with total seating for 280. A full bar seating 20, the main dining room 140, a private banquet room 40 and a patio for 80. Hard floors throughout with an attractive combination of dining room seating to included booths, private dining areas and community tables. The enclosed spacious patio also has a combination of booth seating with private areas and a center patio feature. The modern well equipped kitchen with it's 16ft line, full line up of stoves, ovens, broiler, refrigeration, walk-in's, prep areas and separate dish wash area complete this real estate & restaurant business opportunity. The current owner is quasi-absentee and achieves annual sales in 2015 of over $2 million. An experienced owner/operator could take this business to $4 million or more. A complete building appraisal, valuation and list of equipment is available upon request. Complete the äóÖConfidential Information' request at the top of this page and the broker will contact you to discuss before we can give out the name and address.

General Info

  • OrganizationContact For Info
  • Established2002
  • Current Owner2013
  • Employees50
  • Reason For SaleOther Interests

Facilities

  • Seating280
  • Square Feet8500 Indoors + 2500 Patio
  • Parking75+
  • LicensesHeath, Business & ABC Type 47 transfer
  • Open HoursMon-Thurs 11am - 12pm Fri & Sat 11am - 2am Sun 10am - 10pm

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue154000
  • Monthly Cash Flow22000
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$52000

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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