Established Restaurant/Bar; $3 Million Sales
Not Disclosed, CA Not Disclosed
Request More Information Contact the Seller
- RE: Established Restaurant/Bar; $3 Million Sales
- Contact: Steve Zimmerman
- License #: 1310250
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $3,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 994958 | |
| Broker Reference #: | 5065 |
Business Overview:
Established Restaurant/Bar; $3 Million+ Sales; $300,000+ Profit; Excellent Long Term Lease
RRC#Â 5065
Location: Central CoastÂ
Description:
This uniquely designed restaurant bar and entertainment venue is in a popular coastal city and is handsomely designed and over $1 million is invested in this facility. There are two dining rooms, an outdoor seating area, a bar and cocktail lounge, full kitchen, prep kitchen and the facility can hold up to 200 people for special events. In the dining rooms there is a combination of banquette seating, booth seating and table and chairs and in the cocktail lounge there is a combination of bar height tables and bar stools and tables and chairs.  There are attractive hanging light fixtures, high ceilings and nicely finished floors throughout. Additionally, there is an office area, storage area and ADA restrooms. This operation is one of the only businesses in the area that can serve alcohol and provide entertainment to 2a daily and there is minimal competition in the area for this venue. The lease has several 5-year options and each period is adjusted annually by the CPI with a minimum of one percent (1%) a year and a maximum of four percent (4%) per year so you can project your rent for many future years and the lease is assignable. Past sales in the past four years have been in the $3 million range. Sales for this 2025 are projected to be $3+ million with profits to be in $300,000+ range.
Financial Information:
Monthly Revenue: $250,000Â
Monthly Cash Flow: $25,000Â
Annual Revenue: $3,000,000Â
Annual Cash Flow: $300,000Â
>>
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Facilities:
Square Feet: 6,000+
Seating: 200
Parking: Street and public parking lots
Licenses: Business, ABC Type 47 License (hard liquor)
Days/Hours of Operation: 7 days: lunch, dinner
Market Competition and Expansion:
General Info:
Ownership: LLC
Established: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: $17,000 all inclusive
Expiration: 1 year plus 1 Five Year Option
Reason for Selling:
Other Interests. Kindly ask the seller for more information.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:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
