Profit $105,000 on $800,000 sales for sports bar & restaurant near modesto with hard liquor license
Rrc#: 2885
Asking price: $195,000
Location: san joaquin county, san joaquin county, california
Yearly revenue: $792,000
Yearly cash flow: $105,000
Monthly rent: 4444.42 inclusive
Listing description:
Price reduced to $195,000 for this 3,670 sq ft modern sports bar and restaurant located near manteca. There is a 1,500 sq ft bar with 16 craft beer''s on tap. Full hard liquor abc type 47 license included and seating for 50 with a pool table, juke box, electronic dart boards, multiple tv''s and a high quality sound system. The separate dining room has seating for 60 with a combination of community & regular tables. Both areas are fully air conditioned with wall mounted flatscreen tv''s, bar memorabilia and a cement floor throughout for greater appeal and ease of maintenance. Included is a modern pos system which connects throughout the bar and restaurant to the ultra clean fully loaded kitchen. A 20 ft stainless steel type 1 hood with fire suppression system, 2 double deep fryers, 4ft flattop with oven, 6 burner stove with oven and 2 large pot stove burners. A walk-in cooler, plus 3 upright double and 1 triple door refrigerators and freezers, 3 refrigerated worktops and ample s/s worktop with slicer, multiple shelves, sinks and dishwasher. A separate office just off the kitchen is complete with computer, printer, fax machine and a 16 camera security system with ample filing cabinets. Current annual sales of $800,000 with profits of $105,000 and the business is currently closed on monday''s. Annually that''s 52 days of missed income that wouldn''t take much effort to increase sales up to the $1 million mark and with rent at around $1 per sq ft, the profits would only increase. This opportunity is for sale for $195,000 and the seller may carry a portion of the sale to experienced, well qualified buyers with good credit. Please complete the ��non disclosure agreement' on our site 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: sole proprietorship | year established: 2000 | current owner: 2006 | employees: 12 | seating: 95 | square footage: 3670 | parking: 40+ | licenses required: health, business & abc type 47 license | days open/hours: tues - thurs 11am - 11pm fri & sat 11am - 1am sun 11am - 10pm - monday closed | reason for sale: other interests |
Financial information:
Yearly revenues: $792,000 | yearly cash flow: $105,000 |
Lease information:
Monthly rent: 4444.42 inclusive | lease expiration: 2024 | lease option: two 5 year options | security deposit: 4800 |
The listing # 238164 Restaurant And Bar - San Joaquin 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 Restaurant And Bar in San Joaquin County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.
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Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance 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. |
Matt Sadati, Business Broker, SF Bay Area, Northern CA I have Engineering and Law, JD degree, with over 30 years of experience in all phases of entrepreneurship. During the past 15 years my concentration has been in business of mergers and consulting. I have owned and operated over 33 businesses each having one to 30 branches. |
Mike Brewer: Liquor License Brokers, ABC Consulting Services 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. |
Harry Sidhu, CBB, Broker - SF Bay Area, Central Valley, SAC Region 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. |
Steve Zimmerman: Restaurant Broker Specialist Steve founded Restaurant Realty in 1996. He has personally sold/leased over 900 restaurants, bars & clubs, & completed over 3000 valuations. The author of "Restaurant Dealmaker - An Insider's Trade Secrets For Buying a Restaurant, Bar or Club" available on Amazon. Reach Steve direct at 415-945-9701. |
Elizabeth McGovern: Escrow Services - SF Bay Area 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. |
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