Established Restaurant & Bar with a 15 yr lease. A proven cash flow with a long-term lease put this business opportunity to finance at 20% down payment with a 80% SBA loan. The business is located in a stand-alone building of approximately 3,000 +/- SF with abundant free parking. This bar includes a very valuable no conditions type 47 liquor license. Long term lease with two (2) five (5) year options. Current base rent is $2700/month NNN until 2023. The Restaurant and Bar provides a very comfortable environment where guests can sit at the bar or at table/booths to enjoy great food and beverages, along with entertainment including karaoke! LARGE 30 foot Bar, with 18 bar seats with a floor plan has 12 tables, and 4 booths that surround a karaoke/dance/music area, The business also generates a great cash flow with coin slot operated Pool Tables, ATM machine, a State approved California Lottery dispensary and coin operated digital Jukebox's ! The business has a fully equipped kitchen-prep area, with refrigeration, freezers, stoves/oven, boilers, fryers and complete venting system. After 31 great years owner is retiring!

General Info

  • OrganizationSole Proprietorship
  • Established1987
  • Current Owner1987
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating120
  • Square Feet3000
  • ParkingParking lot
  • LicensesType 47
  • Open HoursContact For Info

Lease

  • Rent2700
  • ExpirationJanuary 31, 2023
  • Yearly Increasenone
  • OptionTwo (2) Five (5) Year options
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$Contact 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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