* Included in Asking Price
Sba Loan Pre-approved Bar & Restaurant Located In Sacramento Metro Area With A Hard Liquor License
Asking Price: $1,075,000
Location: Sierra Foothills, Nevada County, California
Yearly Revenue: $1,847,880
Yearly Cash Flow: $303,540
Monthly Rent: $9,000
Family owned and operated since 1973 this Historic, beautifully modernized and decorated Bar & Restaurant in the Sierra Foothills, near Sacramento is for sale for the first time in 45 years. Annual sales are approaching $2 million with profits of over $300,000. This business has been pre-approved for an SBA Loan, therefore experienced buyers with 25% cash down and good credit would qualify for a 10 year loan. Monthly Rent is only $9,000 for this 6,000 sf business which leaves ample room for a monthly loan repayment. The thriving bar trade with it's ABC 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 weekends. This consistently strong business is a tribute to the 45 ownership by one family, ready to retire and pass the mantle of their successes onto a 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 a 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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