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For Sale: Restaurant, Bars, Banquet Hall - Merced County


Current Status: Active     Posting #: 255061     Last Refreshed: 2/11/20    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $849,000     Down:  Call     Adjusted Net:  $401,892     Revenue:  $1830871    
Attributes:  Semi-Absentee Run, Financial Assistance, Training & Support     Cooperation With Brokers?  Call
Merced County Restaurant, Bars, Banquet Hall Business For Sale Restaurant, Bars, Banquet Hall Company For Sale

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  Description About This Posting: Restaurant, Bars, Banquet Hall
$1.8 Mil Annual Sales - Bar, Restaurant - Sba Loan Pre-approved - Central Valley University City

RRC#: 3588
Asking Price: Offered At $849,000
Location: Merced County
Annual Revenue: $1,830,871
Annual Cash Flow: $401,892
Monthly Rent: New Lease Negotiable

Listing Description:
$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.

General Information:
Organization: Inc
Established: 1970
Current Owner: 1995
Employees: 32
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $152,572
Monthly Cash Flow: $33,491
Annual Revenue: $1,830,871
Annual Cash Flow: $401,892
Payroll: $51,830

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.

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