Description About This Posting: Restaurants - 2 Successful Available
Great opportunity to own a successful, profitable business with 2 long-running locations in separate cities. Annual revenues for both locations are trending up and combined SDE in 2018/2017 was over $150K. Owner worked semi-absentee for many years and is now completely absentee. Both restaurants are fully equipped and enjoy local patronage as well as a steady stream of tourist and recreationists looking for classic American cuisine. The operation is completely turnkey and perfect for a buyer looking to enter the restaurant industry or a buyer looking to add units to their hospitality business.
***These restaurants are SBA pre-qualified***
- Restaurant is located on a busy street near residential, parks and Russian River recreation
- The interior is 1,444 square feet with an occupancy of 26 (approx.) and a large, 43' X 35', covered patio with 12 large picnic tables and two 2-top Bistro tables
- Current rent is $2,944 with current term ending November 2021
with an additional 5-year option
- GM & District Manager work fulltime between both locations with roughly 2 f/t and 9 p/t employees
- 18 onsite parking spaces with ample street parking
- Restaurant was established in 2005 with current owner since 2012
- Premise is permitted with a Type 41 Beer and Wine License
- Restaurant is located in the heart of downtown
- The interior is 1,982 square feet with ample outdoor seating on the large, wrap around patio
- Current rent is $1,800 + $305 CAM with current term ending in June 2021 with a 5-year option
- GM & District Manager work full-time between both locations with roughly 2 f/t and 9 p/t employees
- 3 onsite parking spaces with ample street parking
- Restaurant has been operating since the 1950's with current operator since June 2016
- Premise is permitted with a Type 41 Beer and Wine License
Price Includes: Furniture, fixtures and equipment, training period, leasehold interest, leasehold improvements, and goodwill. Some personal items may be excluded from the sale. Inventory is not included in the sale and is available for Buyer to purchase at wholesale cost
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information.
To get more information about this Restaurants - 2 Successful Available business for sale in
North Bay, Sonoma Area please phone Ryn Longmaid (Intermediary, Broker - BRE License #:01450190) at 707-696-1406 and 707-526-1050 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #251063 on BizBen.com. In addition to phoning
Ryn Longmaid, make sure you email Ryn Longmaid above to get more info about this
Restaurants - 2 Successful Available, 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.
With over 20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, and ABC District Offices, my company Liquor Licenses of San Francisco Bay Area is very qualified to resolve all of your concerns during the liquor license transfer process.
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.
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.
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.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
What you will read in this BizBen blog post you will probably not find in any manual or set of instructions provided by the ABC (liquor licenses in California). This blog post by Jeff Back (SF Bay Area Restaurant Broker Specialist) at 925-736-8200 discusses this topic of liquor licenses in detail.
In this Discussion, Peter Siegel MBA (Business Purchase Financing Advisor at 925-785-3118) discusses financing of purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant, potential restaurant buyers have many options to choose from.
Jim Saxton - 20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, ABC District Offices, my company Liquor Licenses of SF Bay Area is very qualified to resolve all of your concerns during the liquor license transfer process. 925-787-0770.
People always need to eat; there should be plenty of business. Some buyers think there is prestige to owning a popular eating establishment. But it isn't an easy purchase. Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program at 925-785-3118) reviews this topic.
Buying a restaurant (no matter what type) can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant intermediaries and advisors weigh in on this BizBen Discussion about the best way to find, purchase and run a restaurant successfully!
Looking to buy a restaurant business? Check out these tips first to avoid getting blindsided when you buy any type of small or mid-sized California restaurant. Peter Siegel, MBA (BizBen's ProBuy & ProSell Programs & Restaurant Purchase Financing Expert) at 925-785-3118 covers this topic for buyers.
Jeff Back (925-736-8200), a SF Bay Area broker specialist who specializes in selling restaurants discusses what he looks for when sizing up a potential restaurant for sale. Do the restaurants you're thinking of purchasing have good Karma? See Jeff's insights into this topic on restaurant karma.
Purchasing a business with no money down can be difficult, but not impossible. Financing a business purchase or down payment can often be accomplished with these strategies from Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program Advisor with BizBen) at 925-785-3118.