full Liquor License Type 47, Italian Restaurant With Handsome Decor

San Luis Obispo, CA (San Luis Obispo County)

full Liquor License Type 47, Italian Restaurant With Handsome Decor

Asking Price:$350,000

Cash Flow:$69,996

Gross Revenue:$349,992

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

full Liquor License Type 47, Italian Restaurant With Handsome Decor

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Business Description

full Liquor License Type 47, Italian Restaurant With Handsome Decor

full Liquor License Type 47, Italian Restaurant With Handsome Decor, Patio, Established Clientele

RRC#: 2482
Asking Price: $350,000
Location: San Luis Obispo, San Luis Obispo County, California
Yearly Revenue: $349,992
Yearly Cash Flow: $69,996
Monthly Rent: 5,000 + triple net approx

LISTING DESCRIPTION:
Beautiful Italian restaurant with TYPE 47 license in the heart of the San Luis Obispo with established clientele. Has been in operation for 30 years. Well maintained, 2600 sq. ft. craftsman building with multiple dining areas, including fireplace. 11,700 sq. ft. lot with parking in rear, 84 seats inside, 40 seats on patio. Elegant décor and furnishings, wood floors, lovely windows and warmth throughout. Equipment includes: 12 burner stove, 16 ft. hood, 20"grill, pot stove, hot plate, convection oven, 16 ft. newer walk in refrigerator/freezer, fryer, dishwasher machine, ice machine, wine refrigerator, espresso machine, ss tables and sinks. Inviting entry, bar and espresso area. Clean and well maintained kitchen. Good wine sales! Seller is retiring and owns the property. Full liquor license in San Luis Obispo runs $200,000 or more if you can find one!

GENERAL INFORMATION:
Organization: LLC | Year Established: 1992 | Current Owner: 1992 | Employees: 6 | Seating: 124 | Square Footage: 2600 Plus Patio | Parking: parking in rear, street | Licenses Required: ABC, Health Dept. | Days Open/Hours: dinner 7 days a week, lunch mon-fri | Reason For Sale: Retirement |

FINANCIAL INFORMATION:
Yearly Revenues: $349,992 | Yearly Cash Flow: $69,996 |

LEASE INFORMATION:
Monthly Rent: 5,000 + triple net approx | Lease Expiration: 5 year | Yearly Adjustment: 3% | Lease Option: 2- 5 year options | Security Deposit: 10000 |

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Steven D . Zimmerman CBB, CBI

Business Listed By:
Steven D . Zimmerman CBB, CBI

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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