Italian W/Type 47 Bar + Real Estate

Mount Shasta, CA (Siskiyou County)

Italian W/Type 47 Bar + Real Estate
Contact Seller

Asking Price: $699,000

Cash Flow: $114,000

Gross Revenue: $622,951

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1945

Italian W/Type 47 Bar + Real Estate

Save Print Share Valuation Report

Business Description

ABOUT THE RESTAURANT: This restaurant and bar with a type 47 hard liquor license and serving quality authentic Italian food has been a local institution to both locals and tourists since 1945. It sits on a prime corner with high visibility and has a private parking lot. It is on the main street coming in and out of town with easy on-off access from I-5.

Local artists and musicians contribute to the eclectic "vibe" of the town which is a gateway to hunting and world class trout fishing as well as abundant recreational activities including water skiing, Alpine and cross country skiing, mountain climbing and biking and hiking around the nearby streams, waterfalls and lakes.

DINING AREA: The main bar and dining area features red tufted booths accented by black bar stools and could best be described as casually elegant and . The space is very inviting and you feel comfortable the moment you walk through the door. There is a second dining room perfect for private parties and special occasions.

KITCHEN: There is a large and spacious kitchen with a dry storage area, separate dish and prep areas as well as two hoods. The First Hood contains 8 burners with a double oven, a flat grill, char-broiler and deep fat fryer. The second hood and equipment make it possible to produce food for large parties and catering events while still producing for in-house guests. There is also a walk-in refrigerator, stand up refrigerators and freezers, a slicer, refrigerated prep tables, a stand-up mixer, In addition, there is a downstairs storage area easily accessed from a side street that is used for beer, wine, liquor and additional dry goods.

2017 sales were $623k and owners cash flow of $114k. This years sales could be up by as much as 10% which could translate to an additional $20k or more in profit.

THREE PURCHASE OPTIONS:

$249k BUSINESS ONLY - $249k and Lease at $3,500 per month (includes NNN’s) 5 years + 2 – 5 year options

$699k BUSINESS + REAL ESTATE - SBA LOAN: possible with 20% ($140k) down, a FICO score of 700 or better and at least 5 years restaurant management experience with assets to prove you're successful. Monthly Payment is $3,608 for 25 years at about 6% interest rate. SBA Loan has additional fees buyer should be prepared to pay.

$699k BUSINESS + REAL ESTATE - OWNER CARRY: 35% (approx) ($249k) down, Fico of 750 or better and at least 5 years restaurant management experience with assets to prove you're successful

Great opportunity for an owner-operator.

Detailed Information

Employees:
10
Business Website:
http://sellingrestaurants.com/restaurant-for-sale/restaurant-for-sale-in-shasta
Contact Seller

Contact the Seller

Contact Seller Loading

Mel Jones

Business Listed By:
Mel Jones

Paramount Restaurant Brokers, Inc.

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1583334 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Saladworks

Franchise Opportunity
Capital Required: $415,273