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RESTAURANT/BAR IN MODESTO
The Owners Have Recently Closed The Restaurant And Want To Sell The Following Assets:
Furniture, Fixtures, & Equipment (1-2 Years Old) 100,000
Hard To Obtain Type 47 Liquor License 25,000
This Establishment Is A Mid-Priced Full-Service Restaurant And Bar Serving High-Quality American Food With An Emphasis On Steaks. The Restaurant Has Been Operating With New Management For The Last Twelve Months But Has Been In Existence Since The Early 1970’s Under Different Names And Owners.
The Restaurant Offers A Vast Array Of Menu Items Including Appetizers, Crisp Salads, South Of The Border Fare, Italian Favorites, Sandwiches & Burgers, Oak Pit Entrees, Branded Steaks Including Prime Rib, Cool Drinks For All Ages, Delicious Desserts, Sides, And Alcoholic Beverages From The Restaurant’s Full Bar.
The Customer Base Is Comprised Primarily Of Middle-Class And Upper Middle Class Families As Well As Local Business People. These Customers Usually Have Lived In The Area For Some Time. Banquets Are Normally Held For Small And Medium Size Businesses.
The Restaurant Leases Approximately 8,500 Square Feet On Two Levels Containing A Freestanding Restaurant And Storage Facilities. There Is No Annual Cost Of Living Increase. The Lease Is Assignable And Has A Termination Date Of 10/01/2016.
The Dining Area And Bar Have All New Tables And Chairs. New Carpet Was Installed Throughout The Facility. Equipment Is No More Than A Few Years Old And In Good Operable Condition. A New Computer System Was Recently Installed With Four Terminals And One Main Pc. All Plumbing And Electrical Systems Are In Place And Operating Efficiently. The Kitchen Exhaust System Is In Good Working Order. Landscaping Is Beautiful And Maintained On A Regular Basis. Parking Is Extensive And On The Property With Good Lighting. Security Cameras Are Located Throughout The Facility. New Signage Has Been Erected. A New Buyer Would Not Have To Make Tenant Improvements And Capital Expenditures Based On The Restaurant’s Current Condition.
This Is Not A Restaurant For A First-Time Buyer. It Is For A Highly Experienced Restaurateur With The Necessary Capital To Market The Business Successfully To The Local Community And Return The Business To Its Glory Days. This Buyer Should Have The Ability To Change The Theme Or Concept Of The Restaurant If That Is What Is Required.
The Restaurant Offers Plenty Of Potential But Only For A Sophisticated Buyer And Investor.
The Reason For Sale Is So The Owners Can Devote More Time To Their Other Business Interests.
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