* Included in Asking Price
$730,000 Sba Loan Pre-approved For This Bar & Restaurant In Sacramento Metro Area With Hard Liquor
Asking Price: $975,000
Location: Sierra Foothills, Nevada County, California
Yearly Revenue: $1,847,880
Yearly Cash Flow: $303,540
Monthly Rent: $9,000
Price Reduced to $975,000 for this bar and restaurant which has been family owned and operated since 1973. This beautifully modernized and decorated Historic Bar & Restaurant is located in the Sierra Foothills, near Sacramento and is for sale for the first time in 45 years. Annual sales are approaching $2 million with profits over $300,000. This business has been pre-approved for a 75% SBA Loan, therefore experienced buyers with 25% cash down and with good credit would qualify for a 10 year loan. Monthly Rent is only $9,000 for 6,000 sf of Kitchen, Dining room and Bar leaving ample room for a monthly loan repayment after such low rent. The thriving bar trade with it''s ABC type 47 hard liquor license is the focul point for the city, while the restaurant serves a ion of Steaks, Grilled Fish and Homemade Desserts. Many parties are catered in the private room while the main restaurant is consistently busy each evening with wait times at the weekends. This consistently strong business is a tribute to the 45 ownership by the family who are ready to retire and pass the mantle of their successes onto the younger generation. Fully equipped kitchen with a modern cooking line for service including 12 burner stoves with ovens, salamander, deep fryer, broiler and free standing convection oven all under a 20 ft Type 1 Hood with fire suppression system. An array of refrigerated worktops allow the chefs to produce quality food with speed of service. Prep kitchen, storage room and a large 20'' x 10'' walk in cooler with freezer and management office complete the ''Back of House.'' The Restaurant has a combination of booths and table seating set in a quality ambience with an additional private dining room, while the adjacent busy Bar thrives with the many locals enjoying the nightly soft live music. The bar represents 40% of the business with 60% in the restaurant. This offering is a complete and profitable business well suited for a new owner/operator to enjoy the continuing success of this Iconic Bar and Restaurant. Please complete the ‘Non Disclosure Agreement’ on our website and we will send you the name and address with the financial information, lease & the full list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.
Organization: Corporation | Year Established: 1973 | Current Owner: 1973 | Employees: 7 Full time / 32 Part time | Seating: Bar 70 + Dining Room 150 | Square Footage: 6000 | Parking: Street | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: 4pm - 12am Daily | Reason For Sale: Retirement |
Yearly Revenues: $1,847,880 | Yearly Cash Flow: $303,540 | Payroll: $37122 |
Monthly Rent: $9,000 | Lease Expiration: 2023 | Yearly Adjustment: 3% | Lease Option: Negotiable | Security Deposit: 9000 |
Seller Reference #2917
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