* Included in Asking Price
Great Location & Curb Appeal For Bar & Restaurant With 1200 Sf Patio & Type 47 Hard Liquor License
Asking Price: $550,000
Location: Sacramento Metro Area, Yolo County, California
Yearly Revenue: $1,680,000
Yearly Cash Flow: $303,000
Monthly Rent: $8,373
Great Location and Curb Appeal Bar & Restaurant with Annual sales of $1.7 Million, that's $140,000 each month with annual owners discretionary cash- flow of $303,000. An SBA Loan has been secured for this business to well qualified & experienced operators with only 25% = $138,000 required down, and the SBA lender will provide 75% of the remaining financing. This 3,000 sq ft Bar & Restaurant opportunity is situated on a corner location with an additional 1,200 sq ft outdoor patio right up front. A busy Restaurant until 9pm then, at weekends a busy Bar with music until late. Consistent annual growth in sales and profits, 60% food / 40% drink, these past 5 years with a full inventory of equipment is all included in the sale. The Kitchen has a 16ft s/s hood with fire suppressant system, 8 burner stove with double oven, char- broiler, double fryer, flattop, 3 refrigerated worktop lowboy's, Hobart slicer, 1,200 lb capacity Hoshizaki ice machine, 60 qt Hobart mixer, Nu Co2 air gas bar system, large walk in fridge, walk in freezer, many upright fridges, freezers and ample s/s worktops. The Bar: Type 47 hard liquor license, POS system, ample glass shelves, sinks, glass wash machine, TV's, 4 beers on tap, 12 bar stools plus high tables and stools. The Restaurant: 95 seater with booths and tables/chairs, servery with coffee machines, 2 door fridge, 2 door lowboy, upright fridge and a completely tiled dining room floor. The Patio: With seating for 60 under lights and heaters, this is a bar & restaurant landmark with a great local reputation which continually enjoys it's superb location. This is a really good opportunity to operate a busy place. Complete the ‘Confidential Information’ request at the top of this page and we will send you the name and address of this business plus the financials & the lease. We will also send you the broker contact information so you can discuss this opportunity in more detail.
Organization: Corporation | Year Established: 2001 | Current Owner: 2010 | Employees: 26 | Seating: 95 + 80 Patio | Square Footage: 3000 + 1200 Patio | Parking: Parking Lot & Street | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: Mon - Weds 11am - 9pm Thurs - Sun 11am - 2am | Reason For Sale: Other Interests |
Yearly Revenues: $1,680,000 | Yearly Cash Flow: $303,000 |
Monthly Rent: $8,373 | Lease Expiration: 2019 | Yearly Adjustment: 2% | Lease Option: 5 years | Security Deposit: 16000 |
Seller Reference #2437
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