This is an opportunity to purchase a restaurant/bar, along with the associated building and real estate, in Fort Bragg. The business is called The Purple Rose, and it is a longtime favorite of both Fort Bragg locals and visitors to the area. This family-friendly restaurant has been in operation for more than 30 years, and serves Tex-Mex style food along with a full bar - they're known for their margaritas. The location includes a cantina area and an outdoor patio. It seats 75 inside and 25 outside. The parking can accommodate 75 cars. Currently, the Purple Rose is open from 5:00pm - 9:00 p.m. five days per week. There is the potential to significantly increase sales by expanding the hours of operation to include breakfast, lunch, and a later closing time on the weekends. The current owner of the restaurant is not a chef, and there may be opportunities to increase sales by updating the menu. The following equipment is included:one six-burner stove and one four burner-stove (both with an oven), one fryer, two one-door reach-in refrigerators, one reach-in refrigerator with seven glass doors, one walk-in refrigerator, one prep station, one type-one hood, a dry storage area, and two restrooms. The Purple Rose sits on a 3/4 acre of land that is 2 blocks from the Pacific Ocean. The building is 2500 square feet, and the property has its own private well. The business and its real estate must be purchased as a package; there is also the option to purchase the house adjacent to the property the business sits on. The house is a 3-bedroom, 2-bath, 1500 square foot single-story home is listed for 395,000. It sits on a 1/2 acre lot. Like The Purple Rose, it is two blocks from the Pacific Ocean. The combination of the business and its associated real estate, along with the house next door, presents a unique opportunity for a buyer interested in making a lifestyle change that includes the world's shortest commute.

General Info

  • OrganizationContact For Info
  • Established1985
  • Current Owner1985
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating75 inside and 25 outside
  • Square FeetBuilding 2500, Lot 30,492
  • ParkingParking Lot
  • LicensesABC Type 47, Health and Business
  • Open Hours6am to 5pm Tuesday-Saturday

Lease

  • RentContact For Info
  • ExpirationContact For Info
  • Yearly IncreaseContact For Info
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue$35,500
  • Monthly Cash Flow$4,700
  • Annual Revenue$426,000
  • Annual Cash Flow$56,000
  • 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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