This one-of-a-kind mid-peninsula tavern with an ABC Type 47 Full Liquor License has many strong points, including its ample, gorgeous outdoor space. The outdoor beer garden can accommodate 120, and is situated over a creek-like water feature with waterfalls and adjacent to lush green space. It's a beautiful seating area under any circumstances, but is a particularly attractive feature of the business in pandemic conditions. The indoor seating area is also spacious and attractive. It was remodeled in 2016, at a cost of over $1 million, and the design features great natural light, beautiful hardwood floors, elegant tile, cozy gas fireplace and a wraparound bar. It also has new plumbing and electricity, a new HVAC unit, and brought up to current building codes. In addition to the outdoor space and the main dining area, there is a separate private dining room that can host up to 60 for a cocktail party/34 for a sit-down meal. The entire space has been rented out as event venue or just the outdoor space. There are endless event possibilities. Parking lot is abundant. The tavern is located in an area with a high household income, where the locals like to frequent the local businesses and watering holes. Currently, the menu features contemporary California comfort food, 24 beers on tap, and a craft cocktail program. It is known as a trendy gastropub that serves delicious drinks and tasty grub. The sales over the past three years have a steady upward trend with increases year over year. 2017 sales = $3,172,818. 2018 sales = $3,251,101. 2019 sales = $3,392,525. The current lease runs through 2031 and has a 5-year option, with 3% fixed increases throughout the initial term and the option period. The landlord will consider adding pandemic-related protections into the lease for the right buyer. The restaurant is fully furnished and kitchen is fully equipped and an equipment list is available upon request.

General Info

  • OrganizationContact For Info
  • Established2016
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating145 Inside + 120
  • Square Feet5036 Inside + 3696 Outside
  • ParkingParking Lot
  • LicensesABC Type 47, 58, Health Permit and Business License
  • Open Hours3pm - 8pm Monday - Tuesday, 11:30 am - 9pm Wednesday - Sunday

Lease

  • Rent$18,517 + CAM
  • Expiration2031
  • Yearly Increase3% Annual Increase Initial and Option
  • OptionFive Year Option
  • Deposit$17,122

Financials

  • Monthly Revenue$282,710
  • Monthly Cash Flow$24,849
  • Annual Revenue$3,392,525
  • Annual Cash Flow$298,192
  • Payroll$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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