* Included in Asking Price
Unique Restaurant /bar $2.1 Million Sales $344,00+ Profit Below Market Lease:: Sba Approved
Asking Price: $895,000
Location: Prime Downtown Location, Sonoma County, California
Yearly Revenue: $2,055,024
Yearly Cash Flow: $344,508
Monthly Rent: $4,400
This long established business in a very desirable downtown location where there is a lot of new growth underway. This business is SBA pre-approved so with 25% cash down or $223,000 SBA will finance the 75% balance of the purchase price to a qualified buyer. The building was recently remodeled at a cost of $1.5 million. The concept is very unique and the business has generated strong sales and profits for many years. There are several dining areas with a combination of tables and chairs, bar stool seating and banquette seating. There is a separate bar area, an area where private parties up to 75 can be held and the atmosphere has an upbeat comfortable casual vibe. Some of the equipment includes as follows: 13'' type 1 hood with fire suppression system, 4 compartment steam table, 6'' under counter refrigerator with sandwich station on top. Alta Sham oven, 3'' char grill, 2'' flat grill, 3 double basket fryers, 6 burners over convection oven, prep sink, 6'' freezer, ice machine, 2 glycol system, 6 flat screen TV''s with audio video system, walk-in refrigerator, 4'' glass beer refrigerator, corner bar sink, 24" ice well, hand sink, 6 remote taps +6 taps and 2 booze taps, warming drawer, 4 door back bar, glass chiller, 3 bay bar sink, 3 ice wells and POS system with with 5 stations, There are also ADA restrooms, large office and several storerooms. There is a below market lease and the rent during the options can only be adjusted by CPI not to exceed 3% per year.
Organization: Corporation | Year Established: 1999 | Seating: 127 + additional 50 to 75 in banquet area | Square Footage: 3,700 + 1,400 private dining space/overflow seating + patio | Parking: Street parking + multiple parking lots | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: Lunch and Dinner Daily + Late Bar | Reason For Sale: Other Interests |
Yearly Revenues: $2,055,024 | Yearly Cash Flow: $344,508 |
Monthly Rent: $4,400 | Lease Expiration: 8/31/18 | Yearly Adjustment: CPI not to exceed 3% year | Lease Option: 2 Five Year Options |
Seller Reference #2516
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