Only 10% down! Central Valley Restaurant & Bar with Real Estate. The owner is prepared to be your Bank and offer a 15 year carry back loan to well qualified Buyers with restaurant experience and good credit. The Seller expects no less than $7,500 or 6% of the sales revenue monthly whichever is the greater. All monthly payments go toward the purchase of the business and real estate. 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 with banquet room & 2 patio's with it's large parking lot . The historical ambiance & 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 private dining room seating 20 and a further large banqueting room seating 150. 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 the 2019 annual sales of $1.550 million with $140,000 owners discretionary cash-flow. 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 of the Seller Carry Note 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 & comprehensive 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.

Location