Posting Details

Profitable Downtown Pub Full Kitchen For Sale - Solano County

Profitable Downtown Pub, Full Kitchen, $700k Gross, $150k Cash Flow For Hands On Owner- Reduced!

RRC#: 2818
Asking Price: $359,000
Location: Solano County, Solano County, California
Yearly Revenue: $702,000
Yearly Cash Flow: $150,000
Monthly Rent: $3,000

LISTING DESCRIPTION:
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.

GENERAL INFORMATION:
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 |

FINANCIAL INFORMATION:
Yearly Revenues: $702,000 | Yearly Cash Flow: $150,000 |

LEASE INFORMATION:
Monthly Rent: $3,000 | Lease Expiration: Negotiable | Yearly Adjustment: Negotiable | Lease Option: Negotiable |
The listing # 236482 Profitable Downtown Pub Full Kitchen - Solano 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 Profitable Downtown Pub Full Kitchen in Solano County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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