Semi-absentee Sports Bar Restaurant & Property SBA

Clearlake, CA
Lake County

Clearlake Steakhouse Restaurant


Asking Price: Annual Revenue:
$860,000 $662,974

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Semi-absentee Sports Bar Restaurant & Property SBA Broker: Michael Floorman
License #: 01160661
Owner Financing is Available!

Quick Facts

Asking Price: $860,000
Annual Revenue: $662,974
Net Profit: $166,437
Cash Flow: $166,437
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $480,000
Year Established: 1979
Employees: 9
BBN Listing #: 4740931
Broker Reference #: 8538

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Business Overview:

1031 Exchange semi-absentee run $160,000+ cash flow steakhouse seafood restaurant and $4,000 square feet property on 1/2 acre land with an experienced crew for only $860,000. Acquire a steadily growing business and enjoy the clean air of bucolic Clearlake, escaping from bustling life and yet close to SF Bay Area. Inherit the only steakhouse restaurant in town with high-margin ABC 47 sports bar, fully equipped kitchen, and a private banquet hall. Price includes a $4,000 square feet recently renovated building on 1/2 acre land with a separate buildable parcel. Airbnb build-out potential. SBA pre-approved. Major investment group coming to town to build a large hotel. Explosive growth potential!

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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