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For Sale: Bar Catering Commercial Kitchen Restaurant - Tuolumne County


Current Status: Active     Posting #: 263511     Last Refreshed: 8/1/20    
Contact: Steve Zimmerman At 888-995-9701  -  Also Email This Contact Below
Price:  $585,000     Down:  Call     Adjusted Net:  $235,000     Revenue:  $2,530,000    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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  Description About This Posting: Bar Catering Commercial Kitchen Restaurant
Highly Profitable Bar & Restaurant Located In Tuolumne County - Annual Revenues Of $2.5 Million

RRC#: 3750
Asking Price: Offered At $585,000
Location: Tuolumne county
Annual Revenue: $2,530,000
Annual Cash Flow: $235,000
Monthly Rent: $9,000

Listing Description:
Price reduced to $585,000 making $235,000 profits annually. Only $100,000 down for this bar and restaurant which is pre-approved for a long term SBA loan at low low interest through one of our preferred lenders. Well qualified Buyer's will be able to obtain SBA financing with the purchase of this profitable business. Consistently growing with annual sales revenues of $2.3mil in 2016, $2.4mil in 2017, $2.5mil in 2018 & $2.53mil in 2019 which has bounced back with a 14% sales increase post Covid. Current owners purchased in 2012 and have enjoyed managing to the present level but now wish to pass on their success to well qualified buyer's (perhaps to a chef and partner team from the Bay Area) wishing to enjoy the pleasures of living in beautiful Tuolumne County. Fully equipped kitchen to include 20ft Type 1 hood with fire suppression system, large walk-in, full range of stoves and ovens plus many refrigerated worktops. The Bar area seats 40, dining room 120 with 2nd floor banqueting & bar for 80 guests. Ample parking and high visibility from the busy Main Street at the Gateway to Yosemite National Park. 6,900 sq ft of useable space including huge storage and low monthly rent at only $1.30 per sq ft. This successful business has space, ample parking and a superb location. To receive more information and discuss this opportunity with the broker along with the broker's connections for a long term SBA loan solution please complete the Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & full list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Information:
Organization: Inc
Established: 1985
Current Owner: 2012
Employees: 38
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $210,833
Monthly Cash Flow: $19,584
Annual Revenue: $2,530,000
Annual Cash Flow: $235,000
Payroll: $43,186

Square Feet: 6900
Seating: 240
Hours: 11am - 9pm Sun - Thurs - Fri & Sat 11am - 10pm
Parking: 50+

To get more information about this Bar Catering Commercial Kitchen Restaurant business for sale in Tuolumne County 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 #263511 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Bar Catering Commercial Kitchen Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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