Business Overview:
Well Established & Brimming with Character 7,000 square feet
Bar/Restaurant with Banquet Room Near Lodi
RRC# 4499
Location: San Joaquin County
Description:
Well Established and completely retrofitted and updated in 2020 while maintaining its unique character. This Beautiful Bar & restaurant includes the Bar, Dining Room, Patio and large Banquet Room all full of Character and Charm with a total of 290 seats on 2 floors with extremely low rent, only increasing 2% annually for the next 6 years. Nestled in the heart of Wine Country this 7,000 square feet dining experience also has a large patio and a ABC Type 47 Hard Liquor License. Absentee owner, management operated and although they made it through the pandemic it was still damaging to their previous $2million annual sales, decreasing to $1.4million in 2022. 2023 now has lists of reserved Banquets making this year probably their best. $500,000 was spent on renovations in 2020, just prior to the pandemic so everything is virtually brand new. Fully fitted kitchen, some of the equipment to include; Walk-in, 8 burner stove, flattop, 2 double fryers, multiple ovens. 70 seat banquet room lends itself so well to the wedding and event markets which are now returning strong, while the total character of the bar and dining room makes this amazing opportunity a wonderful acquisition to enjoy the future growth potential. Good books & records with verifiable financials and a full complement of management & employees in place.
To receive more information and discuss this 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 & 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: $115,000
Monthly Cash Flow: Contact for Info
Annual Revenue: $1,376,582
Annual Cash Flow: Contact For Info
Annual Payroll: $380,862
General Info:
Ownership: LLC
Established: 1985
Current Owner: 2020
Employees: 28
Reason For Sale: Other Interests
Monthly Rent: $5,500
Expiration: 2024 plus 5 Yr Option
Facilities:
Square Feet: 7,000
Seating: Bar 50-Patio 50-Dining room 120-Banquet room 70
Parking: Parking lot and street
Licenses: ABC Type 47, Health & Business
Days/Hours of Operation: Monday & Tuesday Closed - Wednesday 4:00 PM - 8:30 PM Thursday 4:00 PM - 8:30 PM Friday 11:00 AM - 9:30 PM Saturday 11:00 AM - 9:30 PM Sunday 10:00 AM - 8:00 PM
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Property Features and Assets:
Square Feet: 7,000;
Seating: Bar 50-Patio 50-Dining room 120-Banquet room 70;
Parking: Parking lot and street.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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