SBA 90% Loan Pre-Approved - Central Valley Steakhouse Restaurant & Bar Including the Real Estate. A 25 year SBA loan is available with fixed low interest rates. Or, the owner may be prepared to offer some carry back loan or sell the business separately for $400,000 with a new negotiable lease which would be available to well qualified Buyer's with good credit. The success & history of this Bar & Restaurant dates back to 1952 and has been in the present ownership since 1988. After 32 years the owners now wishes to retire and pass on their highly successful business. 1 acre of Land and Buildings is included together with this 10,000 sq ft bar & restaurant & 2 patio's with it's massive parking lot . The ambiance of stepping back into the history & grandeur runs throughout. All the furniture, fixtures and fittings are in excellent condition with the beautiful redwood ceiling in the bar which seats 80. The high beamed ceiling in the dining room creates a wonderful atmosphere seating 120. There is also a small private dining room seating 20 and a further large banqueting room seating 175. No expense has been spared on many recent upgrades, which include both brand new ADA compliant restrooms and a beautifully restored banqueting room. There is a full ABC Type 47 hard liquor license included with annual sales of $1.550 million currently and $140,000 owners discretionary cash-flow with a 40% cost of goods, so here is so much scope to increase business volume, control costs and increase profit. The whole establishment is full of historical character and has been modernized and upgraded by the present owners. There are two kitchens, one for preparation, bar and banquets, the second kitchen is for the dining room. Both are modern and fully equipped to take on whatever current & future demands are required. Two walk-in cold rooms and a walk-in freezer with both kitchens well appointed using high-grade commercial broilers, stoves, ovens and fryers. 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
  • Established1952
  • Current Owner1988
  • Employees24
  • Reason For SaleRetirement

Facilities

  • Seating200 + 2 Patio's & 175 Banqueting
  • Square Feet10000
  • Parking100+
  • LicensesHealth, Business and ABC Type 47 Licenses
  • Open Hours4pm - 10pm Daily

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseContact For Info
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue$130,000
  • Monthly Cash Flow$11,670
  • Annual Revenue$1,550,000
  • Annual Cash Flow$140,000
  • Payroll$$40,000

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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