Description About This Posting: Bar And Restaurant
SBA Loan Pre-Approved-$300,000 Annual Profit-Bar & Restaurant-Sacramento Area with Hard Liquor
Asking Price: Offered At $975,000
Location: Nevada County Annual Revenue: $1,847,886
Annual Cash Flow: $303,537
Monthly Rent: $9,000
This business has been pre-approved for a 75% SBA Loan, therefore experienced buyers with 25% cash down and good credit will qualify for a 10 year loan. $975,000 for this highly successful bar and restaurant in the family ownership for many years. Beautifully modernized and decorated this Historic Bar & Restaurant is located near Sacramento and is for sale for the first time in 45 years. Annual sales are approaching $2 million with profits over $300,000. Monthly Rent is only $9,000 for 6,000 sf of Dining room, Bar and Kitchen. All the staff and management are In place with good revenues and provable cash-flow also good books and records with verifiable financials. The thriving bar trade with it's ABC type 47 hard liquor license is the focal point at the entrance while the restaurant serves a selection of Steaks, Grilled Fish and Homemade Desserts. Many parties are catered in the private rooms while the main restaurant is consistently busy each evening with wait times at the weekends. Fully equipped kitchen with a modern cooking line for service includes a 12 burner stoves with ovens, salamander, deep fryer, broiler and free standing convection oven all under a 20 ft Type 1 Hood with fire suppression system. An array of refrigerated worktops allow the chefs to produce quality food with speed of service. Prep kitchen, storage room and a large 20 �� x 10 �� walk in cooler with freezer and management office complete the ��Back of House.' The Restaurant has a combination of booths and table seating set in a quality ambience with an additional private dining areas, while the adjacent busy bar thrives with the many locals. The bar represents 40% of the business with 60% in the restaurant. This offering is a complete and profitable business well suited for a new owner/operator to enjoy the continuing success of this Iconic bar and restaurant business. Please complete the ��Non Disclosure Agreement' on our website and we will send you the name and address with the financial information, lease & the full list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.
Organization: Contact For Info
Current Owner: 1973
Employees: 7 Full time / 32 Part time
Reason For Sale: Retirement
To get more information about this Bar And Restaurant business for sale in
Nevada 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 #239235 on BizBen.com. In addition to phoning
Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this
Bar And Restaurant, 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
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
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.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
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.
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