Price Reduced to $69,000 for this fully fitted 3,000 square feet bar and restaurant with an ABC type 47 hard liquor license. Nicely appointed with exposed brick walls, high ceilings, private dining room, patio's front and back and a huge basement storage located in historic downtown Lodi. This restaurant has only been established for a year but the owner must reluctantly sell due to a family illness. Located on a major crossroads just off the main street of the downtown Lodi shopping and town center. There is a highly valuable Type 47 hard liquor license (Hours restricted to 10pm) included with the sale along with all the equipment and goodwill. Extremely low monthly rent of only $2,546 (0.83 cents per sq ft) which makes this business a really attractive investment opportunity. The owner may also carry a small amount of the asking price to well qualified buyers. There is bar stool seating 6, a 60 seat dining room with a combination of booths and tables/chairs with the addition of a private dining room seating 20 and an outdoor rear patio with further seating for 30 and an outdoor front patio seating 15. A fully fitted open show kitchen and a 1,200 sq ft basement storage area. The Kitchen includes: 12 ft type 1 hood with fire suppression system, 5 ft type 2 oven hood, 6' x 6' walk in, upright freezer, chest freezer, char-broiler, double deep fryer, 4' flattop/griddle, fridge lowboy, 3 comp sink, meat slicer, food mixer and ample prep tables. The Dining room and Bar includes a 6' beer cooler, 5' keg cooler with 4 beer taps, Ice machine, ice bin, soda dispenser and liquor shelves. This is a nice turn key restaurant in a great location with enormous potential. To receive full details of this business opportunity please complete the 'Confidential Agreement' request and we'll send you the lease, photo's, list of equipment & financial information. We will also send you the agent's contact information so you can discuss in further detail.  

General Info

  • OrganizationContact For Info
  • Established1990
  • Current Owner2016
  • Employees7
  • Reason For SaleOther Interests

Facilities

  • Seating80
  • Square Feet3000 + Patio
  • ParkingStreet
  • LicensesContact For Info
  • Open HoursTues - Sat 11am - 9pm Sat 11am - 8pm Closed Monday

Lease

  • Rent$2,546
  • ExpirationJuly 2020
  • Yearly IncreaseContact For Info
  • Option5 year option
  • Deposit2500

Financials

  • Monthly Revenue$20,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$240,000
  • Annual Cash FlowContact For Info
  • PayrollContact 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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