Seller's Contact Information
- RE: Popular 1200 Sq Ft Cozy Bar & Restaurant
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $195,000 | |
| Annual Revenue: | $627,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $62,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1975 | |
| Employees: | 8 | |
| BBN Listing #: | 561111533 | |
| Broker Reference #: | 4429 |
Business Overview:
Popular 1,200 square feet Cozy Bar & Restaurant with an 800 square feet Patio and Large Parking lot in Sierra Foothills
RRC# 4429
Location: Calaveras County
Description:
Located in the Sierra Foothills of Calaveras County. This beautiful area surrounded with Wineries and Country living with the local towns of Angels Camp, Sonora, Murphys and Jamestown makes for an enviable quality of life. This area attracts many Tourists from the Bay area, some of whom also own second homes and enjoy the weekends and holidays away from the big cities.
This popular 1,200 square feet cozy bar and restaurant with its additional 800 square feet covered and tastefully decorated patio and large parking lot has been in the same absentee ownership since 2014. Offering quality upscale food including, Shellfish, Steaks, Burgers & Pasta along with a Beer and Wine license offering locally produced wines while enjoying the lowest of low monthly rents at only $1,500 including NNN. A 12 year lease term still remains so with annual sales revenues of around $600,000 and rent at 2% how can you not make a healthy profit, especially if the lucky buyer manages the daily business operations.
Currently closed on Tuesdays and Wednesdays with opening hours of 12pm-8pm on the other days, there is so much growth potential and Country living awaiting a successful Entrepreneur looking to open their first restaurant. Fully fitted Kitchen, Dining room and Bar with a new POS system, all new appliances and all new dining chairs.
To receive more information and discuss this excellent opportunity with the broker, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & a comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $52,250
Monthly Cash Flow: $5,200
Annual Revenue: $627,000
Annual Cash Flow: $62,000
Annual Payroll: $153,142
General Info:
Organization: Sole Proprietorship
Established: 1975
Current Owner: 2014
Employees: 8
Reason For Sale: Retirement
Monthly Rent: $1,500
Expiration: 2024 plus Two 5 Year Lease Options
Facilities:
Square Feet: 1,200 800 Covered Patio
Seating: 50 30 Patio
Parking: Ample
Licenses: Business, Health and ABC Type 41 Licenses
Days/Hours of Operation: 12 noon - 8pm Thursday - Monday. Closed Tuesday & Wednesday
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Square Feet: 1,200 800 Covered Patio; Seating: 50 30 Patio; Parking: Ample.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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