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California
NorCal Lounge Restaurant w/41 ABC Liquor License 75 Seats - SC2212
Asking Price
$321,000
Revenue
$375,000
Down
$321,000
Cash Flow
Call/Email
Name: Brett Sargent
Phone: Show phone number
Name
Brett Sargent
Phone
Show phone number
Description
Financial Information
Asking Price: $321,000
Cash Flow: On request
Gross Revenue: $375,000
Down Payment: $321,000
This Northern California based Lounge Restaurant is a Californian Sub-Chapter S Corporation and was formed 1 year ago under the founding leadership. Open 5 days a week and located downtown in a vibrant fast growing Northern California city, this business thrives by providing beer, wine, and an amazing curtailed menu of soups, salads, starter, paninis and flatbreads. They offer live music once per week and are a kid and dog friendly environment. This location is BRAND NEW…only in operation for just under 1 year. They have a Type 41 ABC Liquor License with seating of 55 seats (maximum 75).
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established: 2024
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Part-Time Employees: 5
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $6,000
Monthly Rent: $3,553
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1600
FF&E Included?: Yes
FF&E Value: $100,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Market Outlook/Competition
The U.S. wine market size was estimated at $81.33 Billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030. Wine sales have surged across the U.S. owing to innovation in its flavor, color, and packaging. Beyond the classic wines, niche markets and emerging wine regions are gaining prominence.
CA 02282967
NV B.1003039.LLC
NV BUSB.0007191
Posting Information
Posting ID:
290740
Attributes:
Broker Cooperation
License (Liquor, etc.)
Training And Support
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Posting Title
NorCal Lounge Restaurant w/41 ABC Liquor License 75 Seats - SC2212
Posting ID
#290740
Full Name (Required)
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Phone (Required)
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Agent, Broker or Seller Contact
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California
NorCal Lounge Restaurant w/41 ABC Liquor License 75 Seats - SC2212
$ 321,000
NorCal Lounge Restaurant w/41 ABC Liquor License 75 Seats - SC2212 Financial Information Asking Price: $321,000 Cash Flow: On request Gross Revenue: $375,000 Down Payment: $321,000 This Northern California based Lounge Restaurant is a Californian Sub-Chapter S Corporation and was formed 1 year ago under the founding leadership. Open 5 days a week and located downtown in a vibrant fast growing Northern California city, this business thrives by providing beer, wine, and an amazing curtailed menu of soups, salads, starter, paninis and flatbreads. They offer live music once per week and are a kid and dog friendly environment. This location is BRAND NEW…only in operation for just under 1 year. They have a Type 41 ABC Liquor License with seating of 55 seats (maximum 75). Business Location City: Northern California State: California Reason for Sale The reason for selling is Seller would like to pursue other interests. Detailed information Year Established: 2024 Home Based: No Franchise: No Relocatable: No Lender Prequalified: No SBA Prequalified: No Part-Time Employees: 5 Contractors: N/A Owner Worked Hours/w: 30 Adjusted EBITDA: On request Inventory Included: Yes Inventory Value: $6,000 Monthly Rent: $3,553 Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 1600 FF&E Included?: Yes FF&E Value: $100,000 Training/Support The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller. Market Outlook/Competition The U.S. wine market size was estimated at $81.33 Billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030. Wine sales have surged across the U.S. owing to innovation in its flavor, color, and packaging. Beyond the classic wines, niche markets and emerging wine regions are gaining prominence. CA 02282967 NV B.1003039.LLC NV BUSB.0007191
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