Business Overview:
Historic Elkhorn Bar & Real Estate Package- $54k Profit- Type 48 License- Entertainment- Outdoor
RRC#: 1595
Asking Price: $574,000
Location: Paso Robles Wine Country, San Miguel, California
Yearly Revenue: $267,600
Yearly Cash Flow: $54,000
Monthly Rent: $2,200
LISTING DESCRIPTION:
Located in the heart of the Paso Robles wine country, this opportunity allows buyers the option to purchase an historic California bar operation and real estate, offered at $574,000, just reduced $54,000. The Elkhorn Bar, located at 1263 Mission St., San Miguel, CA., comes with a type 48 liquor license worth $70k, is being sold along with the name, website, clientele and all the assets. The interior main bar area has a real authentic Old California ambiance, and in addition to the 20 seats at the rustic all wood bar, there is table and chair seating for 25, where locals and tourists alike hang out to people watch, or sit in an adjacent area to play pool or enjoy live entertainment from the 100+ sq. ft. stage. The maximum overall occupancy capacity is 175. In addition to the vintage bar and bar back, is a full complement of equipment including the multiple beer taps, which are fed from the large walk in cooler, an ice machine, under counter bar refrigeration, bottle chillers, blenders, 3- compartment sink, ice well and beverage dispensing units. There is a separate liquor lock-up room, and a cellar for additional storage. The property footprint is 3,750 sq. ft.,and the bar, stage and pool room area is 2,500 sq. ft., with the 325 sq. ft. covered patio accessible from the bar. There is also a 225 sq. ft. office area, with bathroom and shower, previously a residence, which could be easily re-converted as such. In addition, a small separate retail store, with separate entrance, generates $400 monthly rental income for the owners. In addition to the nearby vineyards and wineries, the vicinity offers many attractions and points of interest which draws visitors to the area year round. Look for additional information and photos regarding the business and the real estate coming soon, or contact the Restaurant Realty office directly by phone or email.
GENERAL INFORMATION:
Organization: LLC | Year Established: 1853 | Current Owner: 2005 | Seating: 50 Max Occupancy 175 | Square Footage: 2,500 bldg /3,750 lot | Parking: Street | Licenses Required: Business, ABC Type 48 (hard liquor) | Days Open/Hours: S-Thur 10a-10p Fri/Sa 10a-2a | Reason For Sale: Other interests |
FINANCIAL INFORMATION:
Yearly Revenues: $267,600 | Yearly Cash Flow: $54,000 |
LEASE INFORMATION:
Monthly Rent: $2,200 | Lease Expiration: Negotiable | Yearly Adjustment: Negotiable | Lease Option: Negotiable |
FINANCING INFORMATION:
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.
Reason for Selling:
Other Interests
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.