Price Reduced - Profitable - Large Bar/Rest With ABC Type 47 Hard Liquor License - Placer County

2754

Price Reduced - Profitable - Large Bar/Rest With ABC Type 47 Hard Liquor License - Placer County

RRC#: 3811
Asking Price: Offered At $270,000
Location: Placer County
Annual Revenue: $1,703,500
Annual Cash Flow: $140,025
Monthly Rent: $21,000 Inc NNN

Listing Description:
Revenues have increased during Covid and Annual Sales Revenues of $2 million are now budgeted in 2020. Pre-approved for a long term SBA loan at preferential interest rates with 15-20% down for experienced operators with good financials. This modern gastropub has great food, a cool atmosphere and is loaded with craft beers. Menu items range from burgers, entrees, and numerous small plates. 16 Local draught beers with rotating taps so there is always something new to try. As a bonus this bar and restaurant has a ABC type 47 license with a full bar serving craft cocktails. Located amongst one of the best Restaurant Row areas with a Large outdoor Patio & excellent free parking capacity. Monthly rent is $13,500 plus NNN at $7,000 which includes, water/sewer, trash removal, parking lot restaurant grease trap emptying & cleaning & property tax and 6 years plus two 5 year options remaining on the lease giving ample tenure to enjoy future success. Annual sales in excess of $2 million with 2019 profits of $140,000, priced at $270,000. This 5,500 sq ft bar and restaurant has so much growth potential to be even more successful which is ‘Turn Key’ ready. A modern kitchen which includes a 25ft Type 1 hood with fire suppression system, two 6 burner stoves with ovens, large broiler, 3 deep fryers, salamander, convection oven with refrigerated worktops. Walk-in and upright refrigeration with floor standing mixer and a full complement of small equipment. The bar/restaurant has a real craft beer, re-claimed wood feel with seating for 120 in a combination of high tops, booths and regular tables with a further 12 bar stools and a further 40 on the outdoor patio. Many wall mounted TV’s for that sports bar feel. The vast list of equipment included with the sale is amazing and would make the most seasoned operator salivate. 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 & full 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 Information:
Organization: LLC
Established: 2010
Current Owner: 2016
Employees: 32
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $141,960
Monthly Cash Flow: $11,669
Annual Revenue: $1,703,500
Annual Cash Flow: $140,025
Payroll: $51,780

Sale Reason:

Other Interests