Restaurant & Bar serves Breakfast, Lunch & Dinner

Not Disclosed, CA
San Luis Obispo County

San Luis Obispo County

Asking Price: Annual Revenue:
$199,000 $790,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Restaurant & Bar serves Breakfast, Lunch & Dinner Broker: Gary Bayus, #01377597
Owner Financing is Available!
Seller will consider some financing for a qualified buyer.

Quick Facts

Asking Price: $199,000
Annual Revenue: $790,000
Net Profit: Not Disclosed
Cash Flow: $75,000
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 2
BBN Listing #: 273231127
Broker Reference #: 4901-71229

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Business Overview:

Well known for award winning beef Tri-Tip, tasty BBQ ribs, great service, generous portions and a comfortable atmosphere. Seats 75. Additional established revenue stream provided by off premise catering.

Includes Type 75 California Liquor License: On-Sale General Brew Pub (Restaurant)
A Type 75 California liquor license authorizes the sale of beer, wine and distilled spirits for consumption at a bona fide eating place plus a limited amount of brewing of beer.

Includes Type 58 California Liquor License: Caterer’s Permit- allows the licensee the ability to cater alcoholic beverages anywhere in the state of California.

Investment Opportunity (Company Strengths):

* Established, going on 12 years in business

* Loyal customer base

* Flexible menu i.e. not locked into a specific type food such as Mexican

* Seller financing available

* Seller willing to transition long term

* Experienced staff/skilled employees in place

* Low employee turnover

* Location – the BEACH “Live the Dream” in San Luis Obispo County. The San Luis Obispo area is recognized as one of the best places in the country to live for its recreational opportunities and quality of life.

Financial Information
Transaction and Purchase Price: The assets of the Company are available for a total purchase price of $249,000. The Seller is willing to remain with the buyer for as long as required to ensure a smooth transition of customer relationships.

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Property Features and Assets:

5,000 square feet leased space.

Reason for Selling:

Other Business Expansion.

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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