The Armory - Real Estate Included - 14,000 sq ft -

Sonora, CA
Tuolumne County

Yosemite National Park tourist corridor


Asking Price: Annual Revenue:
$5,500,000 $2,650,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: The Armory - Real Estate Included - 14,000 sq ft - Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $5,500,000
Annual Revenue: $2,650,000
Net Profit: Not Disclosed
Cash Flow: $628,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: 25
BBN Listing #: 767411533
Broker Reference #: 4390

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Business Overview:

The Armory - Real Estate Included - 14,000 square feet - 2 Restaurants, 3 Bars & Private Event Center in Gold Country

RRC# 4390
Location: 208 S Green Street, Sonora

Description
State-of-the-art Event Center and Entertainment Complex, The Armory, located in the historic Gold Rush town of Sonora, CA surrounded by hotels, eclectic shops, boutiques, dining and social venues, and perfectly situated on the Yosemite tourist corridor. This iconic property features expansive outdoor, multi-level seating in the lush Beer Garden and expansive roof-top patio with lounge area and fire pits (seating for 236 guests). Beautifully constructed custom bar, 24 tap craft beer system, and exterior shade and lighting that provides a magical ambiance all year round.

The 5,000 square feet indoor event space features its own dedicated bar and hosts local and national bands, weddings, corporate events, conferences, and numerous private parties (seating for 130). Separate 500 square feet “Wine Room” is perfect for private dinner parties of up to 30, or make it a retail outlet for all of your merchandise. ALSO included is the Bourbon Barrel Bar and Restaurant -a gorgeous, one-of-a-kind rustic bar with a masculine, Kentucky-style that specializes in bourbons, whiskeys, and craft cocktails. This space includes a second commercial kitchen and accommodates up to 52 guests. ABC Type 47 hard Liquor license permitted within the whole space. Total building capacity 466.

Offered for sale by a local business development group, this property is SBA loan pre-approved for well-qualified, experienced Buyers with excellent credit. Multi-level 14,000+ square feet building is one-of-a-kind, virtually brand new with top-of-the-line HVAC, appliances and systems, new roof, and custom finishes that give it a unique identity and unforgettable presence. Building is completely custom, unique and impressive. List price significantly below real estate rebuild value.

Perfect for a visionary owner to grow and/or implement their own concept while the other revenue streams are flowing, or simply a fantastic real estate investment property that generates annualized gross revenue of $2.6 million+. Included in the sale are two operating, fully-turnkey restaurants, each with their own kitchen, as well as a private event/catering business, and growing music events business. Also included is a Type 47 liquor license (hard liquor) that covers all three bars on the property. Equipment includes top-of-the-line, brand new kitchen appliances including but not limited to; double stack ‘South bend’ convection ovens, 6 burner range, broiler, flattop, all with underneath refrigerated drawers and worktops, 3 double deep fryers, , 2 large ‘Imperial Brown’ walk-ins, separate dishwasher area w/ventilation hood, Toast POS operating system throughout the building, , numerous stand-alone freezers and refrigerators, and Micromatic/glycol beer system. Both restaurants and the private events businesses are fully staffed with management in place. Owner training offered to Buyer if desired.

Located in a high-traffic, central downtown location on the Yosemite National Park tourist corridor. Building includes attached ~3000 sq ft warehouse style space with roll-up door, commercial load-in/load-out and direct street access, -perfect for a microbrewery. Many unleveraged, unique spaces in the building with huge potential for additional revenue streams. Ideal business property for craft brewery or distillery to have a stunning retail outlet presence as well as ample production space. Also ideal for development as a high-end wedding venue. Launched by local development group with 25+ years in restaurant industry and 12+ years of restaurant ownership experience, the owners have cultivated strong baseline revenue streams, as well as a positive work culture and enviable camaraderie among the staff that supports longevity and long-term success. Strong social media and network marketing are in place to support revenue growth via expanding current operating hours, launching new revenue streams (plenty of space/equipment), and growing private catering business to meet the local demand for private events.

Clean, organized book and records with verifiable financials. For more information and to discuss this opportunity with the broker, including broker’s connections for long-term SBA loan solutions, please complete the ‘Non-Disclosure Agreement’ on our website. A comprehensive list of equipment (FF&E) included with the sale will be provided, as well as the Broker's direct contact information so you can discuss this opportunity in more detail and schedule a showing.

Financial Information
Monthly Revenue: $220,833
Monthly Cash Flow: $52,333
Annual Revenue: $2,650,000
Annual Cash Flow: $628,000
Annual Payroll: $517,500

General Info
Organization: LLC
Established: 2019
Current Owner: 2022
Employees: 25
Reason For Sale: Other Interests
Real Estate Included

Facilities
Square Feet: 14,414
Seating: 466
Parking: 75+
Licenses: ABC Type 47, Health and Business Licenses
Days/Hours of Operation: Monday Closed Tuesday 4:00 PM - 9:00 PM Wednesday 4:00 PM - 9:00 PM Thursday 4:00 PM - 9:00 PM Fridat 11:00 AM - 12:00 AM (Next day) Saturday 11:00 AM - 10:00 PM Sunday 11:00 AM - 9:00 PM

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 14,414 Seating: 466 Parking: 75+

Reason for Selling:

Other Interests.

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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