SBA Pre-Approved Financing with 10 to 20% cash down depending on buyer creditworthiness. Unique opportunity to own a well established Landmark restaurant with a 50 year history. With 15,000 sq. ft and seating for 400, they run a very successful restaurant, bar, bakery, catering and special event venue in a charming, upscale town. ABC type 47, Catering type 58 and entertainment licenses.Multiple dining rooms, bars, and patios, one can easily operate one concept or multiple concepts under the same roof at the same time. Features two main dining rooms, 4 separate bars, private dining rooms, Espresso bar, 2 large covered dining patios, 3 connected cottage dining rooms separated by french doors, complete with fireplace and seating for 120/35/30 persons. Serving California and International cuisine main dishes, appetizers, salads, desserts and cocktails. This is a popular spot for special events and weddings. Offers a full, well equipped kitchen upstairs and a full bakery kitchen downstairs, with 3 walk in refrigerators, 1 walk in freezer, 2 hooded cook lines 20 ft and 14 ft., grease trap, Aloha POS system with 8 stations, security system, sound system, 35 ft wine storage room, dry storage room, equipment storage room, wait station, dish washing room and 3 comfortable offices. Full bakery kitchen includes a walk-in refrigerator and walk-in freezer & French trained bakery staff of 4. Six ADA restrooms with multiple stalls. Large patio features water fountain, couch seating, dining tables chairs and stage area for entertainment. The owner previously operated a night club Fri-Sat nights from 11:00 pm to 2:00 am which generated an additional $60,000 income per month. Owner is retiring.
- OrganizationContact For Info
- Current Owner1973
- Reason For SaleRetirement
- Square Feet15000
- ParkingStreet and public lot
- LicensesHealth Dept. ABC, City Business License
- Open HoursSun-Wed 8 am-9 pm, Thurs-Sat 8 am-12 am
- Rent$18,000 gross, no annual increase
- Yearly IncreaseContact For Info
- Option2-5 year options
- Monthly Revenue291667
- Monthly Cash Flow$36,250
- Annual Revenue$3,500,000.
- Annual Cash Flow$586,200
- PayrollContact For Info
- Down Payment$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.