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Business For Sale

BEAUTIFUL FULL SERVICE RESTAURANT W/BAR & TYPE 47

Attn: Steve DeMaggio - Selling Restaurants
Butte County, CA, USA
Listing Number: "1116"
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Asking Price: $549,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Year Established: 1997
# of Employees: 4 full time, 33 part time
Yearly Cash Flow: $206,213
Yearly Gross Income: $1,529,395
 

Business for Sale Overview:

Absolutely stunning restaurant in AAA location and a great brand recognition. This high volume restaurant has been very successful for many years. Included in the sale is a new long term lease, Type 47 Hard Liquor license and great cash flow. This 5,700 Square Feet facility has a base rent of only $6,100 a month - less than 5% rent factor - and seats 178 people. There is an exhibition kitchen, beautifully appointed dining room, huge lounge and one of the nicest bars in town. Currently open for lunch, dinner and Sunday Brunch this is truly one of the most popular "Hot Spots" in town. In addition to the busy restaurant, this opportunity also offers an exquisite catering company of the same name. There is a possibility for a qualified buyer to assume the existing SBA loan. This amazing opportunity is open to experienced restaurateurs wishing to pick-up a successful restaurant with noting or little down. The buyer must have excellent credit, plenty of net worth/assets and the working capital to continue the success.


Property Features and Assets:

11:30am - 2:30pm Lunch; 5:00pm - 10pm Dinner; Open Seven Days a Week; 178 seats; type 47; 5,700 square feet; $6,100 per month; New Long Term Lease.


Additional Details:

  • The property is leased.
  • The owner may be willing to train/assist the new owner.
  • The owner may be willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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