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Attractive Restaurant / Bar For Sale
Location: United States -> California -> Merced
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Attractive Restaurant /bar Corner Locale Type 47 Abc License, Under Market Rent

RRC#: 1622
Asking Price: $119,000
Location: California, Merced, California
Yearly Revenue: $396,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $2,239 all inclusive

Fully equipped corner restaurant and bar, with large wrap around glass frontage, great visibility from both the ground floor bar, dining area, and the upstairs mezzanine. The 3,051 ft. ground floor offers both table and counter seating for 40, plus 15 at the granite top bar. There is an additional dining area on the 800' upstairs mezzanine, which seats 45- 50, and a huge upstairs storage area as well. The outdoor patio, adjacent to a large City Park, seats 35-40, with a maximum of 75. The relaxed interior features tiled flooring in the bar, with attractive beam ceilings and mood lighting. A partial list of equipment in the full kitchen includes 6-burner range, 8 burner range with oven, 2' char broiler and a double fryer under a 15' hood, a convection oven and slicer. In addition to stainless work tables, there's a 3-compartment sink, utility sink, hand and mop sink. The current business is open only five days for lunch and dinner. Given this prime downtown location, great corner visibility and outdoor seating area, there is lots of upside for a new operator to reinvent the menu and concept, by expanding to seven days, include breakfast, coffees, baked goods and develop a much needed take out menu for the community. The under market rent and flexible landlord also make this a very attractive opportunity. A sports bar, Hofbrau or deli concept, family style restaurant or bakery cafe are all valid concepts for this location.

Organization: Sole Proprietorship | Year Established: 2008 | Current Owner: 2008 | Seating: 150 inside 75 outside | Square Footage: 3,051 downstairs 2,500 upstairs | Parking: Street | Licenses Required: Business, ABC Type 47 (hard liquor)


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2005
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700155897
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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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