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California
NorCal Fine Dining Restaurant With Type 47 Liquor License - Absentee Owner! - Price Reduced! - SC2225
Asking Price
$399,000
Revenue
$1,100,000
Down
$399,000
Cash Flow
$270,000
Name: Brett Sargent
Phone: Show phone number
Name
Brett Sargent
Phone
Show phone number
Description
Financial Information
Asking Price: $399,000
Cash Flow: $270,000
Gross Revenue: $1,100,000
Down Payment: $399,000
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.
Business Location
City: Northern California
State: California
Reason for Sale
The Seller is selling to pursue other interests.
Detailed information
Year Established: 2023
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 12
Part-Time Employees: 6
Contractors: N/A
Owner Worked Hours/w: 5
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $7,000
Monthly Rent: $8,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 2700
FF&E Included?: Yes
FF&E Value: $250,000
Training/Support
The Seller is willing to provide training at 20 hours per week for 2 weeks for the new Owner. Additional training can be made available at a mutually agreed upon cost to the new Owner.
Market Outlook/Competition
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.
CA 02282967
NV B.1003039.LLC
NV BUSB.0007191
Posting Information
Posting ID:
293197
Business Category:
Restaurants & Food
Business Types:
Fine Dining Restaurant
Keywords:
california, fine dining, full service
Attributes:
Absentee Run
Broker Cooperation
License (Liquor, etc.)
Training And Support
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Posting Title
NorCal Fine Dining Restaurant With Type 47 Liquor License - Absentee Owner! - Price Reduced! - SC2225
Posting ID
#293197
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Agent, Broker or Seller Contact
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NorCal Fine Dining Restaurant With Type 47 Liquor License - Absentee Owner! - Price Reduced! - SC2225
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