Rare opportunity to own a turn key, free standing restaurant in a historic building with possibility to purchase real property for a great price! The present owners are ready to retire. The next owner could take full advantage the the location of the restaurant and the superb kitchen that is capable of supporting not only the restaurant but also a successful catering operation. The owners may be interested in selling the business separately from the real estate or even a lease option maybe considered. This restaurant had a major remodel only 4 years ago and offered for sale with the Real Estate. 18,200 sq ft corner lot property, a great opportunity to invest in your own building and control your occupancy costs! The property includes a 4052 sq ft freestanding building, large patio with ample parking. The property is located on a busy intersection just off State Highway 160. Across the restaurant is the Willow Ballroom & Event Center that can hold up to 300 guests fully booked with wedding. Perfect catering business opportunity, and also holds extra business for rehearsal dinner buy outs. Annual Sales are Currently in the $700,000 range. Full financials are available. The property would qualify for an SBA loan for an experienced buyer with good credit and with an approx. $200,000 Cash Down. Asking price for the business is $100,000 with opportunity to buy the real estate for additional $695,000. Total occupancy is 60 in the dining room and the 32 in the bar area + plenty of lounging and playing area on the patio. The ABC type 47 full liquor + type 77 entertainment license is included. The dining room has a stage area for live entertainment with a JBL Sound System and a PA mixing console. The kitchen space is a chef's dream with a 16-foot hood with fire suppression system, walk-in refrigerator, reach in freezer, a double pizza oven, large mixer, 2 separate fryer, a French fry warmer, Charbroiler, Range and Broiler, Refrigerated prep table, refrigerated work top, large deli slicer, large ice machine, dishwasher, and many more almost brand new equipment that you need. To request more information and speak with the broker complete the 'Non Disclosure Agreement' on our website and we'll send you the 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

  • OrganizationSole Proprietorship
  • Established2015
  • Current Owner2003
  • Employees10
  • Reason For SaleRetirement

Facilities

  • Seating60+32 in Bar + Patio
  • Square Feet4052
  • Parking40 Space exclusive Parking lot, + Street
  • LicensesHealth Permit, Liquor License
  • Open HoursMON TUES CLOSED, WED 4-9, THU 12-9, FRI 12-10, SAT 12-10 SUN 10-9

Lease

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

Financials

  • Monthly Revenue$55,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$660,000
  • Annual Cash FlowContact For Info
  • Payroll$$359,607

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