$295k For This Superb Restaurant & Bar With Weekend Night Club

Solano, NM (Harding County)

$295k For This Superb Restaurant & Bar With Weekend Night Club
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Asking Price: Get Financing: $295,000

Cash Flow: $192,000

Gross Revenue: $1,452,000

EBITDA: $0

FF&E: $0

Inventory: $0

Established: N/A

$295k For This Superb Restaurant & Bar With Weekend Night Club

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Business Description

$295k For This Superb Restaurant & Bar With Weekend Night Club, Lounge & Patio

RRC#: 2302
Asking Price: $295,000
Location: Downtown Main Street, Solano County, California
Yearly Revenue: $1,452,000
Yearly Cash Flow: $192,000
Monthly Rent: 8400 Inclusive

LISTING DESCRIPTION:
Only $295,000 for this well appointed 8000 sq ft Restaurant, Bar & Nightclub in Vacaville. Also, the owners may carry a portion of the asking price to experienced, well qualified buyers. 4000 of restaurant and hard liquor bar on the 1st floor and downstairs, a further 4000 sq ft of nightclub & lounge with an additional hard liquor bar plus a 1500 sq ft patio. Extremely low rent at only $8,400 per month which includes NNN with 17 years remaining on the lease. That''s only $1 per square foot including all CAM charges. Vacaville is home to major biotechnology & pharmaceutical companies and one of the largest premium factory outlets in Northern California. This city is growing and this business is growing from $950k in 2013 to $1.4 million in 2014 with profits of almost $200,000. This is due in part to it''s amazing location in the downtown area on the main thoroughfare. The reason for the sale is "Partners differences" in concept and direction and this disagreement is hampering the growth potential of such a turn key operation. An experienced operator could take this business to new and more profitable heights. An ABC Type 47 hard liquor license for both bars is included with the sale together with high quality furniture, fixtures and equipment. Seating for 150 in the bar & restaurant with a further 150 downstairs in the nightclub. This nightclub & lounge area also suitable as a private event room. The Kitchen has a 20ft type 1 hood with it''s fire suppression system, double pizza ovens, 2 double fryers, a 12 burner stove with double ovens, a 6 large char-broiler, double ovens, refrigerated worktops, separate prep kitchen with 50qt mixer, large walk-in cooler, ample work surface, storage room and a 1200 lb ice machine. The Dining room: Seating for 150, many Flatscreen TV''s line the walls plus 3 large projection TV''s and a full bar with all the amenities plus a Pizza show kitchen and prep area with double pizza ovens. Downstairs, another full bar with seating for 150 and a well planned club & lounge with a quality sound system and booth seating. This is an opportunity for experienced operators to take this business to the next level. Complete the ‘Confidential Information’ request at the top of this page and we will send you the name and address of this business plus the financials & lease. We will also send you the broker contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2002 | Current Owner: 2012 | Employees: 20 | Seating: 300 + Patio | Square Footage: 4000 + 4000 + Patio | Parking: Street | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: Mon - Weds 4.00pm - 11pm Thurs - Sat 4.00pm - 1.00am & Sun 11.00am-10.00pm | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,452,000 | Yearly Cash Flow: $192,000 | Inventory: $15,000 - 20,000 | Payroll: $32,404 |

LEASE INFORMATION:
Monthly Rent: 8400 Inclusive | Lease Expiration: 2017 | Lease Option: Three 5 year Options | Security Deposit: 8000 |

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
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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