Waterfront Restaurant - Bar - Banquet Facility
Location United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $3822000
Net Profit / Cash Flow $420000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description Waterfront Restaurant-bar-banquet Facility Doing $3.8 Million Sales & $420,000 Profit Sba Approved
RRC#: 1806
Asking Price: $1,350,000
Location: Northern California, Northern California, California
Yearly Revenue: $3,822,000
Yearly Cash Flow: $420,000
Monthly Rent: $13,000
LISTING DESCRIPTION:
Location, Location, Location. This Waterfront Restaurant, Bar and Banquet facility located in Northern California is pre-approved for SBA financing for over a $1 Million loan. This business for sale is highly confidential, therefore requests for its location, financials and lease information will be strictly screened. Only interested parties with at least $300,000 cash down and with many years of restaurant experience will qualify. Proof of this experience and available funds are a prerequisite to releasing its location. This restaurant has been in the same ownership for nearly 20 years and the time has come for the owners to retire. The owners have been absent from the day to day operations for many years and the business runs extremely successfully under an experienced management team. Open seven days week in an envious high traffic volume location, this unique opportunity has an extremely strong customer base of locals and tourists alike and has shown annual sales of around $4 million for at least the last 10 years. There is seating for 140 inside and an additional 170 on the covered, heated patio. A full bar, Type 47 liquor license is included. This opportunity comes with a full s/s show kitchen, ample storage, offices, prep areas and a large fully equipped bar with a separate private banquet room and total seating for 310 indoors and out. This is such a rare restaurant business opportunity. The amazing location, condition and reputation has so much growth potential that serious buyers need to inquire. A new long term premises lease is available.
GENERAL INFORMATION:
Organization: Corporation | Year Established: 1994 | Current Owner: 1994 | Seating:
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