Posting Details

Restaurant And Bar For Sale - Davis, Sacramento Area

Price Reduction - Davis - Award Winning Bar & Restaurant With Huge Patio & Hard Liquor License

RRC#: 2922
Asking Price: $250,000
Location: 330 G Street, Davis, California
Yearly Revenue: $924,000
Yearly Cash Flow: $132,000
Monthly Rent: 12,600 Inclusive

LISTING DESCRIPTION:
The Price had been reduced to $250,000 for this Award Winning bar and restaurant located in central Davis featuring a lively bar with an Entertainment Permit serving the many locals and the over 36,000 students at this world renowned UC Davis University city. There is a 3,000 sq ft bar area with 12 craft beers on tap serviced from a separate beer walk-in cooler using a glycol cooling system. 6 large 65" flat screen TV''s and a type 47 ABC Hard Liquor License with 16 bar stools and further seating for 70 at booth''s and community tables. This popular bar is one of only a few in the city offering late night music entertainment with a large space to accommodate the large crowd which spills onto the 2000 square foot Patio, see photo''s. The decoration has an Industrial sports bar look and feel with an energy efficient air conditioning system and low maintenance painted concrete floor. Game machines line the far wall and are another source of income. Modern large restrooms separate the bar from the 3,000 sq ft restaurant dining space with a full kitchen and large prep area, seating 80 with it''s tiled floor, booths and table seating. The open kitchen features a Type 1 and Type 2 hoods. Under a separate Type 1 hood with fire suppression system is a 6 burner stove and oven, large double burner stove, flattop and deep fryer and ovens. Ovens alone are serviced by the type 1 hood. 3 Refrigerated worktops and stainless steel prep tables with a 60 quart dough mixer, large walk-in cooler and a 2 door freezer plus dish wash area, fully capable of servicing the restaurant, bar, patio and the busy ''To Go'' business. There is also an extremely useful 2 bedroom owner/manager apartment included in the total of the 6,500 sq ft space. This accommodation can be extremely useful as a full time managers apartment or to assist the owner. The Patio is a also a large space of 2,000 sq ft located at the front of the business which has over 60 feet of fenced and gated walkway with 3 large gas fire pits giving great curb appeal. The patio is a huge bonus area with chairs, tables and umbrella''s seating a further 80. This business has 3 separate areas, a sports bar, restaurant, late night entertainment bar with a large patio allowing for tremendous growth under new ownership. No expense has been spared on the remodel and the 17 years remaining on the lease is fully assumable and below market rent for the size and area at only $12,600 per month inclusive NNN. Please complete the ��Non Disclosure Agreement' on our site and we will send you 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: LLC | Year Established: 1985 | Current Owner: 2015 | Employees: 15 | Seating: 250 | Square Footage: 6500 plus 2000 Patio | Parking: Parking Lot & Street | Licenses Required: Health, Business & ABC Type 47 Licenses | Days Open/Hours: 11am - 1 am Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $924,000 | Yearly Cash Flow: $132,000 |

LEASE INFORMATION:
Monthly Rent: 12,600 Inclusive | Lease Expiration: 2020 | Lease Option: Three 5 year Options | Security Deposit: 12,000 |
The listing # 222358 Restaurant And Bar - Davis, Sacramento Area 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 Davis, Sacramento Area please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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