* Included in Asking Price
Breakfast, Lunch & Dinner Restaurant & Bar With Hard Liquor License On Grounds Of 100 Bedroom Hotel.
Asking Price: $295,000
Location: Sonora, Tuolumne County, California
Yearly Revenue: $1,200,000
Yearly Cash Flow: $175,200
Monthly Rent: 6%
This 7000 sq ft Restaurant is located on the grounds of a busy 100 bedroomed quality hotel. Not only do you receive the revenue from 180+ guest breakfasts each day from the hotel, you are the only Restaurant and Bar in the area for hotel guests to obtain lunch and dinner. A valuable ABC type 47 hard liquor license is also included with the sale. Located on a busy highway this Tourist town is at the Gateway to "Yosemite National Park" which is bustling with visitors, especially during the summer months. With almost no advertising the monthly sales are in excess of $85,000, annually $1 million with profits of 15%. The monthly rent is only 6% of sales volume of business. Excellent condition and completely turn key and well maintained throughout the present ownership of 17 years. The Kitchen is so clean and also fully loaded: 28ft type 1 hood with fire suppressant, 3 flat tops, 2 fryers, large broiler, 6 burner stove and oven, 2 double convection ovens, 2 waffle makers, many refrigerated work tops, steam table, large mixer, commercial slicer, walk in freezer, walk in fridge, large 1200 pound ice machine, ALL 100% OWNED with NO MONTHLY LEASE PAYMENTS. Bar: 12 barstool bar, 12 beers on tap, 80 seats at high bar tables and booths plus dance floor area. The Dining room: 120 seats and a 60 seat private Banquet room. The Hotel has 3 banqueting rooms, the largest of which will seat 175 and the restaurant owner would Cater, should they so wish. There is so much potential to increase business by marketing more banquets, whether catered in the hotel or in the restaurant's own banqueting room. Also the bar income presently represents only 15% of the total business sales at present and closes at 9pm. This could be marketed to remain open later. $295,000 is the asking price. Complete the ‘Confidential Information’ request at the top of this page and we’ll send you the name, address, financials & lease information for this business opportunity. We will also send you the broker contact so you can discuss in more detail.
Organization: Corporation | Year Established: 1985 | Current Owner: 1999 | Employees: 25 | Seating: 250 + Patio | Square Footage: 7000 | Parking: 100+ | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: 6am - 9pm Daily | Reason For Sale: Retirement |
Yearly Revenues: $1,200,000 | Yearly Cash Flow: $175,200 |
Monthly Rent: 6% | Lease Expiration: 2017 | Yearly Adjustment: 0% | Lease Option: 5 years | Security Deposit: 4895 |
Seller Reference #2509
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