Description About This Posting: Restaurant, Bars, Banquet Hall
$1.8 Mil Annual Sales - Bar, Restaurant - Sba Loan Pre-approved - Central Valley University City
Asking Price: Offered At $849,000
Location: Merced County
Annual Revenue: $1,830,871
Annual Cash Flow: $401,892
Monthly Rent: New Lease Negotiable
$849,000 for this bar and restaurant which has been pre-approved for a SBA long term loan. Absolutely Turn Key bar & restaurant with banquet rooms located on the Main thoroughfare in one of the Northern California's Central Valley's booming University cities. In the same ownership for 24 years the owner is also the landlord so a new long term lease with suitable terms are completely negotiable. The Seller/Landlord may even give first 3-6 months rent free for the right operator. Alternatively, the owner may sell the real estate (See Listing #3589 for full details.) The recently renovated bar seats 40 with 12 additional barstool seating, the bistro restaurant seats 50, featuring brick exposed walls and a focal point double Pizza oven show kitchen. There are 2 banquet room for 60 each which are in high demand, a total capacity for 200. The bar has an ABC type 47 hard liquor license which is included with the sale. The large kitchen is fully equipped with it's 12ft type 1 hood with fire suppression system, complete Saute, Broil & Fry line and fresh homemade bread prep area with ample work tables and refrigerated worktops plus a large walk-in cooler. The additional overflow dining room and banquet rooms were remodeled in 2019 and the whole place shows extremely well. The current owner is passionate about fresh food and has designed the kitchen to suit a quality menu. This would suit a semi-absentee owner or a working family owner to enjoy the nearly $2 million annual sales and $400,000 in Sellers Discretionary Earnings for the sale price of $849,000. The owner may carry a position of the sale to well qualified, experienced buyer's with good financials and credit. To receive more information and discuss this opportunity with the broker please complete the Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & full list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Current Owner: 1995
Reason For Sale: Other Interests
To get more information about this Restaurant, Bars, Banquet Hall business for sale in
Merced County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #255061 on BizBen.com. In addition to phoning
Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this
Restaurant, Bars, Banquet Hall, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting
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California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of successful closings. Office: 909-255-8353, Cell: 509-951-7230.
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