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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   California Businesses For Sale Categories   >>   

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: --------------------------------------------------------------- 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): ----------------------------------------------------------- Revenue: $2,275,000. (Projected 2007) Seller's Discretionary Cash Flow (SDCF): $400,000. (Projected 2007) Current Inventory: $50,000 (estimate). Lease Information: ----------------------------------------------------------- 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: ----------------------------------------------------------- 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.
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