$1,600,000.00
Asking Price
Address: 16440 4th Street, Guerneville,
Status: Active
Posting ID: 281654
10/30/23
Description
A rare real estate and business opportunity in the popular tourist town of Guerneville within Sonoma County is now for sale. It is listed far below market at $125/sf, plus patio and garden space, parking spaces, and parking lot across the street! The nearly half acre lot is over 20,000sf and includes a separate parking lot with electricity (current tenants have plans for using it seasonally for food trucks) across the street. The ~10,000sf building has two levels. It includes a classic full-service restaurant, and event space, a separate downstairs Bar business that Does Not need to serve food, as a perimeter of their existing Type 47/48 Liquor License. This Liquor License is also for sale, in addition to the list price, if an incoming party would like it to remain.
There is also an opportunity to buy the rundown neighboring building/lot if a Buyer wanted more land to expand. A recent appraisal valued the property over $3million.
Currently the restaurant tenants operate the Timberline Restaurant and Appaloosa Bar and live onsite in the property managers unit. A new owner could operate one or both of the existing restaurant or bar onsite, and or lease one or both of these businesses. Nearby lease comps for similar business are renting or roughly $2/sf. The building has Three one-bedroom, one-bathroom units that are fully rented and one manager’s unit onsite, grossing about $6k/month. The property also boasts a large private garden patio area. The space leads itself to large events given the open outdoor area, parking lot, flexible Liquor license, and large open dining areas and lounge areas within.
This building built in 1960 has a classic and rustic appeal. There are expansive wood beams, a large stone fireplace and large front facing windows that allow in soft natural light and look outward to the neighborhood. The restaurant has operated under different names for 63 years. The restaurant, banquet and dining rooms, bar(s) and kitchen are fully equipped. The space oozes steakhouse. cabin-like charm, and there has a rich history within this building 63 years of life. At its peak this space was serving well over 300 guests a day, and has hosted countless special occasions, in its Banquet area. The large kitchen has an expansive cooking line with Type 1 Hood and ample food storage. A full equipment list is available upon request.
The current tenants have operated their restaurant that appeals to the many tourists, locals, groups, and hosts for special events. They have also operated the quaint ~1000sf Watering Hole on the ground floor of the building. This small bar is cozy and can be managed easily by one owner or one bartender.
This building with all versatility and assets is a perfect investment opportunity for an owner operator of one or more of the business’s inside, an experienced landlord or simply an investor looking to create the next big tourist draw in this town.
For more information please visit: https://www.restaurantrealty.com/listings/4552/
Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Annual Payroll: Contact for Info
General Info:
Ownership: LLC
Established: Contact for Info
Current Owner: 2018
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: $10,784
Expiration: New Lease Available
Facilities:
Square Feet: 10,000
Seating: 200+ Restaurant & Banquet, ~40+Upstairs Bar/Lounge, ~30 Ground Floor Bar, + Patio
Parking: Dedicated Parking Lot Across the Street
Licenses: Type47/48 (for extra price) , Health & Business
Days/Hours of Operation: 5pm-9pm Thur-Sun (hours of operation can be expanded)
RRC# 4552
Location: 16440 4th Street, Guerneville
To get more information about this Restaurant And Real Estate - 2 Levels business for sale in Guerneville please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #281654 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant And Real Estate - 2 Levels, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $1,600,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: Call/Email
Area: Guerneville
City: Guerneville
Attributes:
My Notes About This Listing
Total Investment
$69,000
Min Liquid Cash
$59,000
Net Worth
N/A
Posting: 285583 | Available | 4/22/24
Own your very own Quick Mart convenience store. It is better than a 7-Eleven and Circle K. There are no monthly fees and no franchise fees, just a one-time payment of $99,999. Training to run your store usually takes just 3 days. Business opportunity fee: $20,000 included in $99K.
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Down
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Down
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Min Liquid Cash
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Net Worth
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
N/A
Down
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Down
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Bldg Size
6,632 Sq.Ft
Space Being Rented
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Year Built
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Lease Amount
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Cash flow
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Revenue
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Down
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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.
ServingSan Francisco Bay Area, North Bay, Central Valley
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
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I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
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Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
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