Description About This Posting: Restaurant, Bar, Banquet Hall
SBA Loan Pre-Approved - Highly Profitable - Bar, Restaurant & Banqueting - Northern Central Valley
Asking Price: Offered At $899,000
Location: Merced County
Annual Revenue: $1,930,871
Annual Cash Flow: $401,892
Monthly Rent: New Lease Negotiable
SBA long term loan pre-approved for this recently remodeled, absolutely Turn Key bar & restaurant with banquet rooms located on the Main thoroughfare in one of the Northern Central Valley's booming cities. In the same ownership for 24 years and is also the landlord so a new lease, length of term and monthly rent would all be negotiable. This beautifully renovated bar seats 40 with further restaurant seating for 50, featuring brick exposed walls and a focal point double Pizza oven dining room show kitchen along with additional Bistro seating for 50 and a modern banquet room for 60, a total capacity for 200 at anyone time. 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 cooking line and fresh homemade bread prep area with wooden work tables and refrigerated worktops with large walk-in cooler. The additional overflow dining room and banquet room have both been 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 the $400,000 Sellers Discretionary Earnings for the sale price of $899,000. The owner may carry a position of the sale to well qualified, experienced buyer's with good finals and excellent credit. 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 & list of equipment included with the sale. We'll also send you the Broker's 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, Bar, 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, Bar, Banquet Hall, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
Assisting both sellers and buyers of businesses - dealing mainly with Liquor Stores, Grocery Markets, Gas Stations, Smoke Shops, Restaurant Related, Retail Related, Service Related. Serving SF Bay Area, North Bay, Sacramento area. Call Harry Sidhu, CBB for assistance at 510-366-6130.
Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.
I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process. Please phone 916-672-8018 for more info.
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.
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.
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.
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