After 17 years in the same ownership this 7000 sq ft Restaurant, Bar & Banqueting business is for sale for only $295,000. Located by a busy 100 bedroomed hotel with rent at 6% of monthly sales, no minimum!! The business receives the revenue from 180+ guest breakfasts each day from the hotel and it is the only Restaurant and Bar nearby for the hotel guests. A valuable ABC type 47 hard liquor license is also included with the sale. Located on a busy highway this Tourist town is at the Gateway to "Yosemite National Park" which is bustling with visitors, especially during the summer months. With almost no advertising the monthly sales are $90,000 with 15% profits. The monthly rent is only 6% of sales volume of the business. The entire property is in excellent condition and completely turn key and in the present ownership of the past 17 years. The Kitchen is so clean and fully loaded with a 28ft type 1 hood with fire suppression system, 3 flat tops, 2 deep fryers, large broiler, 6 burner stove and oven, 2 double convection ovens, 2 waffle makers, many refrigerated work tops, steam table, large mixer, commercial slicer, walk in fridge and freezer, 1200 pound ice machine, ALL 100% OWNED with NO MONTHLY LEASE PAYMENTS. The Bar has 12 barstools, 12 beers on tap, 80 seats at high bar tables and booths plus dance floor area and patio. The Dining room has 120 seats and a 60 seat private banquet room. The Hotel has 3 banqueting rooms, the largest of which will seat 175 and the restaurant owner would cater, should they wish. There is so much potential to increase business by marketing more banquets, whether catered in the hotel or in the restaurant's own banqueting room. Also the liquor income represents only 15% of the total business sales at present and closes at 9pm. This could be marketed to remain open later. $295,000 is the asking price. Complete the äóÖConfidential Information' request at the top of this page and we'll send you the name, address, financials & lease information for this business opportunity. We will also send you the broker contact so you can discuss in more detail.

General Info

  • OrganizationContact For Info
  • Established1985
  • Current Owner1999
  • Employees25
  • Reason For SaleOther Interests

Facilities

  • Seating250 + Patio
  • Square Feet7000
  • Parking100+
  • LicensesHealth, Business and ABC Type 47 License
  • Open Hours6am - 9pm Daily

Lease

  • Rent6%
  • Expiration2017
  • Yearly Increase0%
  • Option5 years
  • Deposit4895

Financials

  • Monthly Revenue90000
  • Monthly Cash Flow14000
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$29500

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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