Plumas County, CA Businesses For Sale

Money Maker Italian - Real Estate - Beer & Wine - Apt. UnitsMONEYMAKER - REAL ESTATE - SBA LOAN - ITALIAN - BEER & WINE
$500,000 Cash Flow: $129,763
Money Maker Italian - Real Estate - Beer & Wine - Apt. UnitsMONEYMAKER - REAL ESTATE - SBA LOAN - ITALIAN - BEER & WINE

Plumas County, CA

Want to get away! Want to live in a cool artsy community surrounded by Lakes, Thick Forest and Rivers with plenty of fishing and hunting and where people say "hello" to each other without fearing for their lives. Then this is your place and the business hours are only 4 hours a day or so, dinner only! This restaurant with real estate is located in a classic historical building built in 1935 in a small town in the Sierras Nevada Mountains just outside Reno and Truckee and just above the snow line. Walking into this building sends one back in time when gold miners looked for a place to park their tired bodies and feed their hungry bellies. From the old wood-style floors, to the heating stove, to the antique decor, this restaurant has entertained and fed the community for more than 80 years and is well known and liked by all the locals. It is located on the main highway through the town, so you get the travelers as well. This restaurant currently serves Italian food, pizza and steaks in a full service atmosphere that's cozy and warm. Of course you can change the menu if you like or keep the menu the same. Recipes and name are included in the sale. To keep the locals coming back, there is local artist playing live music too! APARTMENTS: And to make this business and real estate even sweeter, there are two apartment rental units on the property! One above the restaurant has about 800 Sq. Ft. with a full bathroom and kitchen with private access and a large deck area with magnificent mountain views. The other is in a stand alone building with about 450 Sq. Ft. with a full shower as well as a limited kitchen. These should rent for a combined total of about $1,200 a month. All you need to do is just clean them up and you've just added great cash flow to the business. THE NUMBERS: 2016 Cash Flow available for financing is about $130,000, while 2015 was about $141,000. This makes for a perfect SBA lending deal with 20-30% down. With 30% down (apprx. $156,000), the annual interest and principal payments are about $28,500, leaving a cash flow of $102,000 with the current revenue and cost structure and assuming one rents out the apartments at a total annual rental income of $14,400 for the two units. But you can live in the upstairs apartment too ane save the cost of mortgage or rent on your own place! NOTE: Cash Flow here means total available cash before financing and doesn't include a mortgage expense and includes imputed annual rental income of $14,400! EMPLOYEES: The staff of 20 part-time employees knows it is for sale and they want their jobs! They are loyal and hard working people who love what they do and it shows in the food and service. BUILDING: There is about 3,000 Sq. Ft. in the main building and another 450 Sq. Ft. in the separate apartment. The real estate has about 9,600 Sq. Ft. and is 96' X 100'. There is a garden on the property as well as parking spaces available. There is a free large public parking lot directly across the street from the restaurant, so parking is not an issue. It was built in 1935, so don't expect perfect, but do expect quaint and cozy! GROW THE BUSINESS: To grow this business there are two avenues to explore. First is the catering business and parties. And second is expand the hours to include lunch.