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. The indoor seating area, which can accommodate 145, 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 an event venue or just the outdoor space. There are endless event possibilities. Parking 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 gastro pub that serves delicious drinks and tasty grub. 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 restaurant is fully furnished and the kitchen is fully equipped and an equipment list is available upon request.

General Info

  • OrganizationCorporation
  • Established2016
  • Current Owner2022
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • Seating145 Inside + 120
  • Square Feet5,036 Inside + 3,696 Outside
  • ParkingParking Lot
  • LicensesABC Type 47, 58, Health Permit and Business License
  • Open Hours11am - 9pm Tuesday - Sunday, 4pm - 9pm Monday

Lease

  • Rent$26,051
  • Expiration2031
  • Yearly Increase3% Annual Increase Initial and Option
  • OptionFive Year Option
  • Deposit$17,123

Financials

  • Monthly Revenue$167,763
  • Monthly Cash FlowContact For Info
  • Annual Revenue$201,3164
  • Annual Cash FlowContact for Info
  • PayrollContact For Info

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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