This is an opportunity to own a new full service restaurant open for lunch & dinner serving pizza, pasta, appetizers, beer, wine and more in this beautiful Sierra foothills city location close to Hwy 80. In a popular shopping center with perfect street and highway visibility near one of the area's busiest intersections and freeways. SBA financing for an experienced, qualified buyer would be available and even some seller financing would be considered for well qualified buyers with good credit. This restaurant has become a locals hangout for great food which also attracts travelers and commuters as thousands pass by daily along the nearby busy freeway. Fully equipped and refitted in 2019, at a cost well over $250,000 which a new owner could take advantage of a very well planned out, turn-key operation. Annualized revenue of $1.1 million with low monthly rent of $5,670 inclusive of NNN which makes this a profitable restaurant operation run under management supervision. The beer and wine selection is extensive and features old favorites as well as regional and local wines and micro-brews. The kitchen is spacious and very well equipped. The decor and design are warm and inviting. To receive more information and discuss this opportunity with the broker along with the broker's connections for a long term SBA loan solution 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

  • OrganizationContact For Info
  • Established2019
  • Current Owner2019
  • Employees16
  • Reason For SaleOther Interests

Facilities

  • Seating120
  • Square Feet3000
  • ParkingMall Parking Lot
  • LicensesHealth, Business and ABC Type 41 Licenses
  • Open Hours11.00am - 8.00pm Sunday-Thursday, Friday & Saturday 11.00am - 9.00pm

Lease

  • Rent$5,670 Inclusive NNN
  • Expiration2024
  • Yearly Increase2.5%
  • OptionTwo 5 year Options to Extend
  • Deposit$5,082

Financials

  • Monthly Revenue$91,666
  • Monthly Cash Flow$6,260
  • Annual Revenue$1,100,000
  • Annual Cash Flow$75,000
  • Payroll$30,375

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