Priced at $845,000 with profits of $290,000 in 2022/2023. Buyer needs 15% down $127,000 for this bar and restaurant which is pre-approved for a long term fixed rate SBA loan at 8.5% to experienced, well qualified Buyers through one of our preferred lenders. Consistently high  growth with annual sales revenues of $3 million in 2022 & 2023 and the owner is totally absentee. Long term managers and chefs are a blessing and this restaurant is operated under experienced, quality  management.All the employees are in place with good revenues and provable cash-flow, good books and records with verifiable financials set in this great location. Enjoy beautiful Tuolumne county in the Sierra foothills near many award-winning wineries and the neighboring towns of Murphy's, Angels Camp, Sonora, Jamestown & Arnold. The current owner purchased this restaurant in 2021 and has grown the business to new heights and  now wishes to pass on his success to a well qualified buyer, perhaps a chef and partner team from the urban city or an entrepreneur looking to invest in this wonderful location. Fully equipped kitchen to include 20ft Type 1 hood with fire suppression system, large walk-in, full range of stoves and ovens plus many refrigerated worktops. The Bar area seats 40, dining room 120 with 2nd floor banqueting & bar for 80 guests. Ample parking and high visibility from the busy Main Street at the Gateway to Yosemite National Park. 6,900 sq ft of usable space including huge storage. a long lease of 17 years remaining & a low monthly rent of $10,500 (4.2% of revenues). This successful business has space, ample parking and a superb location. To receive more information and discuss this opportunity 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

  • OrganizationInc
  • Established2006
  • Current Owner2021
  • Employees38
  • Reason For SaleOther Interests

Facilities

  • Seating240
  • Square Feet6,900
  • ParkingHuge Parking Lot
  • LicensesABC Type 41 License, Business & Health Permit
  • Open HoursSunday - Thursday 11.00am - 9.00pm, Friday and Saturday 11.00am - 10.00pm

Lease

  • Rent$10,500
  • Expiration2026
  • Yearly IncreaseCPI
  • OptionThree x 5 year lease options
  • Deposit$12,000

Financials

  • Monthly Revenue$247,000
  • Monthly Cash Flow$24,200
  • Annual Revenue$2,964,244
  • Annual Cash Flow$290,428
  • 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.

Location