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Restaurant, Banquet Catering, And Brewpub For Sale
Location: United States -> California -> Merced
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This is a fun restaurant and entertainment venue. Mechanical bull and country music draws them in. Delicious food keeps them coming back. It just needs an on-site owner to provide that hometown hospitality. This is the perfect opportunity for engaging personality who loves to host guests.

Restaurant occupies an ideal downtown location near city hall, courthouse, downtown businesses. The location has excellent freeway access, street visibility, and plenty of parking thus providing it a natural competitive advantage over alternate dining options.

There is also a beautiful banquet room with a high arched ceiling that is perfect for weddings, corporate events, anniversaries, quinceaƱeras, dance clubs, comedy performances, etc. This high-margin business wait to be realized. There seems to be a very high demand. The space is there.

The university of california at merced is growing rapidly and bringing crowds of students, faculty, and other people who are spending money downtown. This could greatly increase both the food and bar sales. Future planned developments include a big walmart distribution center and a medical school.

Current owner is willing to finance most of the purchase and enter into a management agreement which would allow purchaser economies of scale in marketing and purchasing. This is really a once-in-a-lifetime opportunity.

This western style has been successful for 5 years and has a loyal customer base. Restaurant may also be converted to any number of independent concepts or competing franchises (tgif, chili's, applebee's, red lobster, the counter), an independent fine dining option (such as a steakhouse, seafood outlet, gourmet burger venue), or sports bar with few facility modifications. Contact for more information on this restaurant for sale.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,200,000
Cash Flow:   $160,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2006
Number of Employees:  35 - 49
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes. Can be ongoing.
Reason For Selling:  Focusing on core state fair business.




Print Listing Id: 700145350
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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