Posting Details

Bar And Restaurant For Sale - Nevada County

SBA Loan Pre-Approved-$300,000 Annual Profit-Bar & Restaurant-Sacramento Area with Hard Liquor

RRC#: 3102
Asking Price: Offered At $975,000
Location: Nevada County Annual Revenue: $1,847,886
Annual Cash Flow: $303,537
Monthly Rent: $9,000

Listing Description:
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.

General Information:
Organization: Contact For Info
Established: 1973
Current Owner: 1973
Employees: 7 Full time / 32 Part time
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $153,990
Monthly Cash Flow: $25,295
Annual Revenue: $1,847,886
Annual Cash Flow: $303,537
Payroll: $37,122
Monthly Revenue: $153,990
Monthly Cash Flow: $25,295
The listing # 239235 Bar And Restaurant - Nevada County below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Bar And Restaurant in Nevada County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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