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Fortuna, Humboldt County, California
Asking Price
$1,250,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Steve Zimmerman
Phone: Show phone number
Name
Steve Zimmerman
Phone
Show phone number
Year Established:
2011
Reason for sale:
Consolidating
Size in Square Feet:
4,494 sqft
Lease Terms:
Monthly Rent: Current Tenant pays $5,000
Premises Details:
Square Feet: 4,494 (43,560sf lot) Seating: 120 +/- dining seats + 6 +/- counter seats Parking: Easy Parking
Posting ID:
7375663
Business Category:
Restaurants & Food
Business Types:
Diner, Family Restaurant
American Restaurant
Attributes:
Real Estate Included
Training And Support
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NorCal Lounge Restaurant w/41 ABC Liquor License 75 Seats - SC2212 Financial Information Asking Price: $321,000 Cash Flow: On request Gross Revenue: $375,000 Down Payment: $321,000 This Northern California based Lounge Restaurant is a Californian Sub-Chapter S Corporation and was formed 1 year ago under the founding leadership. Open 5 days a week and located downtown in a vibrant fast growing Northern California city, this business thrives by providing beer, wine, and an amazing curtailed menu of soups, salads, starter, paninis and flatbreads. They offer live music once per week and are a kid and dog friendly environment. This location is BRAND NEW…only in operation for just under 1 year. They have a Type 41 ABC Liquor License with seating of 55 seats (maximum 75). Business Location City: Northern California State: California Reason for Sale The reason for selling is Seller would like to pursue other interests. Detailed information Year Established: 2024 Home Based: No Franchise: No Relocatable: No Lender Prequalified: No SBA Prequalified: No Part-Time Employees: 5 Contractors: N/A Owner Worked Hours/w: 30 Adjusted EBITDA: On request Inventory Included: Yes Inventory Value: $6,000 Monthly Rent: $3,553 Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 1600 FF&E Included?: Yes FF&E Value: $100,000 Training/Support The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller. Market Outlook/Competition The U.S. wine market size was estimated at $81.33 Billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030. Wine sales have surged across the U.S. owing to innovation in its flavor, color, and packaging. Beyond the classic wines, niche markets and emerging wine regions are gaining prominence. CA 02282967 NV B.1003039.LLC NV BUSB.0007191

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