Restaurant, Banquet Catering, And Brewpub For Sale
www.GlobalBX.com
Listing ID:
700145350
Listing Title:
Restaurant, Banquet Catering, And Brewpub For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=145350
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
California
Area
City:
Merced
Asking Price Range:
< $250K
Gross Revenues:
$1,200,000
Cash Flow:
$160,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2006
Number of Employees:
35 - 49
Business Description:
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, quinceañeras, 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.
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