Business Overview:
Listing Description:
This is a unique opportunity to purchase the food and beverage facilities with a long term lease at a well known golf course in Contra Costa County. The facilities overlook rolling hills and have breathtaking views and consist of a bar and cocktail lounge, restaurant with its own dance floor, snack bar, large outdoor seating area and banquet rooms accommodating as few as 30 guests to as many as 250 guests. There is also a mission style clubhouse and picturesque wedding site. A large percentage of the sales are generated from banquet sales which are very profitable. There is upside to convert the restaurant to a sports bar or other themed destination bound restaurant. Some of the equipment includes as follows: 20' and 11' type 1 hoods with fire suppression systems, 3 ice machines, warming oven for plates, 2 full door refrigerator, 4 and 7 compartment steam tables, 4 - 6 burner (24 burners total) tops over 4 ovens, 2 - 3' flat grills over ovens, 2 -3' char grills, 2 refrigerator drawers, 2 - 3 door under counter refrigerators (1 with sandwich station), convection oven, counter mixer, steamer, 3 utility sinks, 3 hand sinks, 2 dishwashers, 3 - 2 compartment sinks, 2 single sinks plus rinse hoses, slicer, 2 walk in refrigerators, 2 walk in freezers, double basket fryer, 3 -2 door under counter refrigerators (1 with sandwich station), 2 - 3 compartment sinks, 2 cash registers, full door glass refrigerator, 1 door under counter refrigerator, ice bin, 6 taps, hot dog warmer, 2 door under counter refrigerator, 7' beer box and 4 flat screen TV's (2 large and 2 smaller), etc. There are also restrooms, offices, a brides changing room and several storage areas. The unique feature on the premises lease is that there is no minimum rent so the rent never exceeds 6% of net sales (sales after sales tax). Yearly sales are $1.1 million including service charges.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Food & Beverage Operation (restaurant, Bar & Banquet Facilities) At Golf Course With $225,000 Profit
RRC#: 1,546
Asking Price: $299,000
Location: Contra Costa County, Contra Costa County, California
Yearly Revenue: $1,100,400
Yearly Cash Flow: $225,000
Monthly Rent: 6% of sales
Market Competition and Expansion:
General Information:
Organization: Corporation | Seating: Banquet Rooms 100 & 200 patio 50 Restaurant/Bar 60 plus | Square Footage: 10,000 plus | Parking: Parking lot | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: Daily per the hours of the golf course or longer | Reason For Sale: Other interests |
Financial Information:
Yearly Revenues: $1,100,400 | Yearly Cash Flow: $225,000 |
Lease Information:
Monthly Rent: 6% of sales | Lease Expiration: 12/31/2013 | Lease Option: 2 Five Year Options |
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: