Real Estate - Bar & Restaurant - Annual Profits Exceed $200k

CA

Real Estate - Bar & Restaurant - Annual Profits Exceed $200k
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Asking Price: $695,000

Cash Flow: $204,000

Gross Revenue: $1,344,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Real Estate - Bar & Restaurant - Annual Profits Exceed $200k

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Business Description

Real Estate - Bar & Restaurant - Annual Profits Exceed $200k - 30 Minutes From Sacramento

RRC#: IN ESCROW-2013
Asking Price: $695,000
Location: Northern California, Northern California, California
Yearly Revenue: $1,344,000
Yearly Cash Flow: $204,000
Monthly Rent: Contact For Info

LISTING DESCRIPTION:
Real Estate Included and SBA bank loan pre-approved make this successful bar and restaurant a must see. Located just 30 minutes north of Sacramento this 6000 sq ft building sits on 3/4 acre of land with an outdoor patio and large car lot. "PROFESSIONAL VIDEO AVAILABLE." Annual sales have exceeded $1.3 million consistently these past 3 years and annual profit exceeds $200k. Busy local''s bar, large restaurant and banqueting room make this business so well diversified. The owner is totally absent and managers are expensive so a huge wage savings could be made by a new owner being the manager of the day to day operations. The large modern kitchen is ample to take this business on to new heights. The cooking line includes a 12ft hood, modern Ansel system, stoves, ovens, fryers, double Alto-shaam oven, fridge work tops and broiler. A huge list of other kitchen equipment includes: 3 walk-in fridges and 1 walk-in freezer, large commercial meat slicer, food processor and many other appliances. This kitchen is fully loaded! The Dining room has quality furniture seating 120, a separate banqueting room seating 50 and an outside patio seating an additional 50. The dining room is separated well, allowing for 2 simultaneous banquets while still having the restaurant open for 60. The separate Bar seats around 70 and at 1,400 sq ft with quality wood throughout, is the local''s favorite and is a highly successful bar business all on it''s own. Bose Juke Box system and live music make this bar THE happening place in town. There is a modern POS system throughout the bar and restaurant, a customer buzzer pager system and a modern fully equipped office including computers, photocopier and fax machine. This is such a turn key operation and a business not to be missed. Full financial disclosure and equipment list included with the sale is available to qualified buyers. Contact Broker to receive PROFESSIONAL VIDEO of Bar & Restaurant.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1935 | Current Owner: 2007 | Employees: 12 Full time 24 Part time | Seating: 200+ Large Patio | Square Footage: 6000 | Parking: 50+ Street | Licenses Required: Health, Business and ABC Type 47, 58 & Off-Sale | Days Open/Hours: Mon-Fri 11am-11pm Sat & Sun 3pm-11pm | Reason For Sale: Retirement |

FINANCIAL INFORMATION:
Yearly Revenues: $1,344,000 | Yearly Cash Flow: $204,000 | Payroll: $34,290 |

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

FINANCING INFORMATION:

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Contact the Seller

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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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