In business since 2013 with a Reduced Price of $195,000. This is an Asset sale and although the business is currently open Evenings only Tuesday-Saturday the sale price is firm, no negotiations and included, ABC hard liquor license, All Equipment and Lease. This is a first class business opportunity making profits in 2019 of $206,000 annually and now on track to recover to same level of business in 2021. Financials below are for 2019. No cost has been spared on this first class Bar & Dinner House with a ABC Type 47 Hard Liquor License. Currently only open 5 evenings a week, so there is a huge opportunity to grow the business by opening Saturday and Sunday Brunch and still enjoy Monday closed and every weekday. Located in an upscale city of Davis with an appealing front patio seating 35 and an immaculate dining room for 72 inside & a private room for 25 and 8 barstools. 18 Craft beers on tap using two Glycol systems for the beer stored in a rear walk-in. The tables, chairs & place settings are all beautifully laid out along with a craft wood back bar and a hardwood floor throughout. The front line Kitchen has a 12ft Type 1 hood with fire suppression system, 6 burner with oven, flattop, broiler, deep fryer, salamander, refrigerated under counter protein storage and 2 refrigerated worktops plus steam tables. The rear prep kitchen has a 6ft Type 1 hood with fire suppression system with 6 burner stove with oven and deep fryer. Four 6ft stainless steel prep tables with many upright fridges, large food mixer & high temp dishwasher. So much rear storage for dry goods and large ice machine, office and a veg prep room for handmade french fries etc. If it's an easy handover you are looking for with no more investment required you won't find a better restaurant opportunity. To receive more information and discuss this opportunity with the broker 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

  • OrganizationLLC
  • Established2000
  • Current Owner2013
  • Employees9
  • Reason For SaleOther Interests

Facilities

  • Seating72 + 35 Patio
  • Square Feet1709 + 444 Front Patio
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 47 Licenses
  • Open Hours4.30pm - 9.00pm Tuesday-Sunday. Closed Monday

Lease

  • Rent$4,500 Inclusive of NNN
  • Expiration2023
  • Yearly Increase3%
  • OptionTwo 5 year Options
  • Deposit$2,300

Financials

  • Monthly Revenue$70,833
  • Monthly Cash Flow$17,177
  • Annual Revenue$850,000
  • Annual Cash Flow$206,118
  • Payroll$23,747

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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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