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Casual Restaurant - Full Bar, Banquet Room & Patio
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2275000
Net Profit / Cash Flow $400000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1998
Number of Employees 35 - 49
Relocatable No
Number of Employees 35 - 49
Real Estate Leased
Training Yes.
Reason for Sale Other interests.
Description An excellent opportunity to own a high volume restaurant with full bar and a consistent track record of profitability. Offers both dine-in and take-out services. Located in an established shopping center in Northern California.
General:
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Established for Close to 10 Years.
Seating: Dining, Patio, Bar, Small Banquet Facilities.
Square Foot/Size: 4,766 Approx.
Parking: Paved Parking Lot.
Licenses Required: Type 47 Liquor, Business.
Days Open/Hours: 7 Days per Week; Lunch & Dinner.
Reason For Sale: Other Interests.
Financial Information (2007):
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Revenue: $2,275,000. (Projected 2007)
Seller's Discretionary Cash Flow (SDCF): $400,000. (Projected 2007)
Current Inventory: $50,000 (estimate).
Lease Information:
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Lease Rent: Greater of 5% of Gross Sales or $7,295.08/Mo. + NNN.
Lease Expiration: 2008.
Yearly Adjustment: Contact for Info.
Lease Option: 2 5-year options.
Security Deposit: None.
Financing Information:
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Asking Price: $1,200,000 + inventory
Inventory: Estimated $50,000 at cost.
Down Payment: SBA - 20% for qualified buyers.
Email or call Bill Decker, Vercor, at Office: (916) 860-8607 / Cell: (916) 749-2502 for more information on this Restaurant for sale.
Click Here To Contact Seller
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