Profitable Downtown Pub, Full Kitchen, $700k Gross, $150k Cash Flow For Hands On Owner- Reduced!
Asking Price: $359,000
Location: Solano County, Solano County, California
Yearly Revenue: $702,000
Yearly Cash Flow: $150,000
Monthly Rent: $3,000
This established pub combines a profitable bar, that has a compact, fully equipped kitchen. The sales and profit are derived from the type 48 ABC license, which does not require food service. Sales in 2016 were $700K, and Jan-Sept was over $452K. The owner works just 10 hrs /wk handling banking and administrative details and derived a substantial $110K in cash flow for 2016. A hands on manager works about 30 hrs/wk. A new owner taking over those responsibilities, would earn about $140K annual cash flow, or if desired, work 50 hrs/wk and earn $150K in annual cash flow. The long bar seats 8 customers, and there''s additional 55 at table & chair seating, with 115 total for the bar''s total occupancy. The back bar includes 2-POS terminals, 2-multi function beverage guns, 12 taps with lines fed from a large walk-in, two ice chillers, 3-comp. bar sink and hand sink. The efficient commercial kitchen features a 6 1/2'' type one hood, char grill, flat griddle, gas saute'' burner unit, double fryer, steam table unit, sandwich prep fridge, 3-comp., prep and hand sinks. The back of house features the walk-in, large ice machine, reach-in freezer and a heated holding cabinet for cooked foods. There is a separate private office, surveillance system with 6-cameras, and 2- multi user ADA restrooms. This is an excellent opportunity for a new owner to operate semi or fully hands on owner, or a hands on partnership. For a qualified buyer landlord will agree agree to a new 5 year lease + 5 year option.
Organization: Corporation | Year Established: 2013 | Current Owner: 2013 | Seating: 65 seats, 115 max capacity | Square Footage: 2,400 | Parking: Street | Licenses Required: Business, Health, ABC Type 48 Liquor License |
Yearly Revenues: $702,000 | Yearly Cash Flow: $150,000 |
Monthly Rent: $3,000 | Lease Expiration: Negotiable | Yearly Adjustment: Negotiable | Lease Option: Negotiable |