$849,000 for this bar and restaurant which has been pre-approved for a SBA long term loan. Absolutely Turn Key bar & restaurant with banquet rooms located on the Main thoroughfare in one of the Northern California's Central Valley's booming University cities. In the same ownership for 24 years the owner is also the landlord so a new long term lease with suitable terms are completely negotiable. The Seller/Landlord may even give first 3-6 months rent free for the right operator. Alternatively, the owner may sell the real estate (See Listing #3589 for full details.) The recently renovated bar seats 40 with 12 additional barstool seating, the bistro restaurant seats 50, featuring brick exposed walls and a focal point double Pizza oven show kitchen. There are 2 banquet room for 60 each which are in high demand, a total capacity for 200. The bar has an ABC type 47 hard liquor license which is included with the sale. The large kitchen is fully equipped with it's 12ft type 1 hood with fire suppression system, complete Saute, Broil & Fry line and fresh homemade bread prep area with ample work tables and refrigerated worktops plus a large walk-in cooler. The additional overflow dining room and banquet rooms were remodeled in 2019 and the whole place shows extremely well. The current owner is passionate about fresh food and has designed the kitchen to suit a quality menu. This would suit a semi-absentee owner or a working family owner to enjoy the nearly $2 million annual sales and $400,000 in Sellers Discretionary Earnings for the sale price of $849,000. The owner may carry a position of the sale to well qualified, experienced buyer's with good financials and credit. To receive more information and discuss this opportunity with the broker please complete the 'Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & full list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationInc
  • Established1970
  • Current Owner1995
  • Employees32
  • Reason For SaleOther Interests

Facilities

  • Seating200
  • Square Feet7350
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 47 Licenses
  • Open HoursTues-Thurs 11am-10pm Fri 11am-12am Sat 4.40pm-1am Closed Sunday and Monday

Lease

  • RentNew Lease Negotiable
  • ExpirationNew Lease Negotiable
  • Yearly IncreaseNew Lease Negotiable
  • OptionNew Lease Negotiable
  • DepositNew Lease Negotiable

Financials

  • Monthly Revenue$152,572
  • Monthly Cash Flow$33,491
  • Annual Revenue$1,830,871
  • Annual Cash Flow$401,892
  • Payroll$$51,830

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.

Location