After 20 years in the same ownership this 7000 sq ft Restaurant, Bar & Banqueting space is currently closed and the assets are for sale including, Kitchen, Dining & Banqueting Rooms & a valuable Full Type 47 licensed Bar with a new lease for only $150,000. Located adjacent to a busy 100 bedroomed hotel with rent at 6% of monthly sales, no minimum!! The business receives a great deal of it's revenue from 180+ hotel guests serving breakfast, lunch and dinner each day and is the only Restaurant and Bar nearby for the hotel guests. A valuable ABC type 47 hard liquor license is also included with the sale. Located on a busy highway this Tourist town is at the Gateway to "Yosemite National Park" which is bustling with visitors, especially during the summer months. With almost no advertising historic monthly sales were $70,000 - $90,000 with 15% profits. The entire property is in excellent condition and completely turn key. The Kitchen is large & clean and fully loaded with a show kitchen line consisting of a 28ft type 1 hood with fire suppression system, 3 flat tops, 2 deep fryers, large broiler, 6 burner stove and oven, 2 double convection ovens, 2 waffle makers, many refrigerated work tops, steam table. The prep kitchen has a walk-in fridge/freezer, large mixer, commercial slicer, 1200 pound ice machine, ALL 100% OWNED with NO MONTHLY LEASE PAYMENTS. The Bar has 12 barstools, 12 beers on tap, 60 seats at high bar tables and booths plus dance floor area and patio. The Dining room has 120 seats and a 60 seat private banquet room. There is so much potential demand for this style of restaurant with banqueting and a separate bar with a hard liquor license.
To receive more information and discuss this opportunity with the broker please complete the 'Non-Disclosure Agreement' on our website and we'll send you the full historic financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
- Current Owner2001
- EmployeesContact for Info
- Reason For SaleOther Interests
- Seating180+72 Bar & Patio
- Square Feet7,000
- LicensesContact For Info
- Open HoursContact for Info
- RentNew Lease Negotiable
- ExpirationNew Lease Negotiable
- Yearly IncreaseNew Lease Negotiable
- OptionNew Lease Negotiable
- DepositNew Lease Negotiable
- Monthly RevenueContact for Info
- Monthly Cash FlowContact for Info
- Annual RevenueContact for Info
- Annual Cash FlowContact for Info
- Payroll$Contact for Info
- 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.