Description About This Posting: Bar Catering Commercial Kitchen Restaurant
Highly Profitable Bar & Restaurant Located In Tuolumne County - Annual Revenues Of $2.5 Million
Asking Price: Offered At $585,000
Location: Tuolumne county
Annual Revenue: $2,530,000
Annual Cash Flow: $235,000
Monthly Rent: $9,000
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.
Current Owner: 2012
Reason For Sale: Other Interests
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.
Related Links And Information Regarding This Posting
Founder Of BizBen.com (since 1994). I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I consult daily with buyers, sellers, and brokers daily about buying and selling California small to mid-sized businesses. Call 925-785-3118.
Niche business purchase financing advisory and loan placement services with SBA and Non-SBA Financing, Retirement Fund Rollover Solutions, Combo Financing Packages. To get professionally pre-qualified or more information on the ProBuy/ProSell Programs: 925-785-3118.
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.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
Central Valley Business Brokerage a full service Business Brokerage company. We specialize in assisting business owner/sellers and buyers in these Central Valley Counties: Fresno, Tulare, Kern, Madera, Kings, Mariposa with buying & selling small to mid-sized businesses, valuations, & exit planning.
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I provide niche business purchase financial advisory and loan placement services with SBA and Non-SBA Financing, Retirement Fund Rollover Solutions, Combo Financing Packages, etc. To get more information about getting Pre-Qualified & more info on the ProBuy/ProSell Programs: 925-785-3118 Direct.