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- RE: Northern California Fine Dining Restaurant With Type 47 Liquor License - Absentee Owner! - SC2225
- Contact: Brett Sargent
Quick Facts
Asking Price: | $949,000 | |
Annual Revenue: | $1,100,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $270,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $250,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2023 | |
Employees: | 12 | |
BBN Listing #: | SB-57175 | |
Broker Reference #: | SACRACA002-57175 |
Business Overview:
This casual fine dining establishment is a Northern California Sub-Chapter S Corporation and has been in operation for the past 2 years under the founders. This “Gastrobar” has two revenue streams with lunch service and dinner service that runs until 2am in the morning with dining and a night bar setting. With an Asian focused theme, the elevate traditional flavors with modern twists, all served in a lively setting. The menus offer various specialized combination themes. Since inception, this dual revenue stream concept has had a tremendous social media presence and following. As an example, over 9,000 local followers on Instagram and over 225,000 organic views in the last 30 days. TikTok has over 238,000 total likes and multiple videos with over 1,000,000 views. Cuisines include Chinese, Japanese, Korean and Vietnamese. This business comes with a Type 47 liquor license.Contact the Seller:
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Market Competition and Expansion:
Asian cuisines are gaining popularity, driven by diverse consumer preferences, cultural exchange, and the increasing presence of Asian restaurants across the US. This growth is reflected in the rising popularity of Asian casual-dining chains and the overall expansion of the Asian food industry.A sian casual-dining chains are experiencing significant sales growth, with some averaging over 24% in 2023.Reason for Selling:
The Seller is selling to pursue other interests.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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