Price Reduced! Sizable Restaurant & Bar With Extensive Patio

Placerville, CA (El Dorado County)

Price Reduced! Sizable Restaurant & Bar With Extensive Patio

Asking Price:$2,500,000

Cash Flow:$264,000

Gross Revenue:$1,848,000





Price Reduced! Sizable Restaurant & Bar With Extensive Patio

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Business Description

Price Reduced! Sizable Restaurant & Bar With Extensive Patio & Abc Type 47 License Inc Real Estate.

RRC#: 2440
Asking Price: $2,500,000
Location: Sacramento Metro Area, Placer County, California
Yearly Revenue: $1,848,000
Yearly Cash Flow: $264,000
Monthly Rent: Real Estate Included

Price Reduced to $2.5 million to include the Business and Real Estate. Only $600k required down to secure this beautiful restaurant. $2.5 million is the asking price for this superb opportunity to purchase the Real Estate, Business with it''s Assets and the Valuable Placer County ABC Type 47 Hard Liquor License. There is an assumable $1.4 million SBA loan and the seller is willing to carry a further $500k of the asking price to well qualified & experienced operators. This beautifully designed 8500 sq ft Bar & Restaurant and 2500 sq ft Patio went through complete renovations in 2013/2014 and is in a complete ''Turn Key" condition. Currently doing business as an upscale establishment featuring international food with total seating for 280. A full bar seating 20, the main dining room 140, a private banquet room 40 and a patio for 80. Hard floors throughout with an attractive combination of dining room seating to included booths, private dining areas and community tables. The enclosed spacious patio also has a combination of booth seating with private areas and a center patio feature. The modern well equipped kitchen with it''s 16ft line, full line up of stoves, ovens, broiler, refrigeration, walk-in''s, prep areas and separate dish wash area complete this real estate & restaurant business opportunity. The current owner is quasi-absentee and achieves annual sales in 2015 of over $2 million. An experienced owner/operator could take this business to $4 million or more. A complete building appraisal, valuation and list of equipment is available upon request. Complete the ‘Confidential Information’ request at the top of this page and the broker will contact you to discuss before we can give out the name and address.

Organization: Corporation | Year Established: 2002 | Current Owner: 2013 | Employees: 50 | Seating: 280 | Square Footage: 8500 Indoors + 2500 Patio | Parking: 75+ | Licenses Required: Heath, Business & ABC Type 47 transfer | Days Open/Hours: Mon-Thurs 11am - 12pm Fri & Sat 11am - 2am Sun 10am - 10pm | Reason For Sale: Other Interests |

Yearly Revenues: $1,848,000 | Yearly Cash Flow: $264,000 | Payroll: $52000 |

Monthly Rent: Real Estate Included | Lease Expiration: Real Estate Included | Yearly Adjustment: Real Estate Included | Lease Option: Real Estate Included | Security Deposit: Real Estate Included |

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Steven D . Zimmerman CBI, CBB

Business Listed By:
Steven D . Zimmerman CBI, CBB

Restaurant Realty Company

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Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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