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Asking Price$1,600,000
Revenue$1,550,000 Established1952
Cash Flow$140,000 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Real Estate Included - SBA Loan Approved - Central Valley Steakhouse, Restaurant, Bar & Banqueting

RRC#: 3769
Asking Price: Offered At $1,600,000
Location: Merced County
Annual Revenue: $1,550,000
Annual Cash Flow: $140,000
Monthly Rent: Real Estate Included

Listing Description:
SBA 90% Loan Pre-Approved – Central Valley Steakhouse Restaurant & Bar Including the Real Estate. A 25 year SBA loan is available with fixed low interest rates. Or, the owner may be prepared to offer some carry back loan or sell the business separately for $400,000 with a new negotiable lease which would be available to well qualified Buyer’s with good credit. The success & history of this Bar & Restaurant dates back to 1952 and has been in the present ownership since 1988. After 32 years the owners now wishes to retire and pass on their highly successful business. 1 acre of Land and Buildings is included together with this 10,000 sq ft bar & restaurant & 2 patio’s with it’s massive parking lot . The ambiance of stepping back into the history & grandeur runs throughout. All the furniture, fixtures and fittings are in excellent condition with the beautiful redwood ceiling in the bar which seats 80. The high beamed ceiling in the dining room creates a wonderful atmosphere seating 120. There is also a small private dining room seating 20 and a further large banqueting room seating 175. No expense has been spared on many recent upgrades, which include both brand new ADA compliant restrooms and a beautifully restored banqueting room. There is a full ABC Type 47 hard liquor license included with annual sales of $1.550 million currently and $140,000 owners discretionary cash-flow with a 40% cost of goods, so here is so much scope to increase business volume, control costs and increase profit. The whole establishment is full of historical character and has been modernized and upgraded by the present owners. There are two kitchens, one for preparation, bar and banquets, the second kitchen is for the dining room. Both are modern and fully equipped to take on whatever current & future demands are required. Two walk-in cold rooms and a walk-in freezer with both kitchens well appointed using high-grade commercial broilers, stoves, ovens and fryers. 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:
Established: 1952
Current Owner: 1988
Employees: 24
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $130,000
Monthly Cash Flow: $11,670
Annual Revenue: $1,550,000
Annual Cash Flow: $140,000
Monthly Payroll: $40,000
Facilities:Square Feet: 10,000 Seating: 200 + 2 Patio's & 175 Banqueting Hours: 4pm - 10pm Daily Parking: 100+
Sale Reason:Retirement
Ad #120750
Seller Reference #3769
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Contact This Seller
Steven D. Zimmerman, CBI, M&AMI, CBB, FIBBA
Restaurant Realty Company
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