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Restaurant With Million Dollar Real Estate
Location: United States -> California -> Northern California - All Northern California -> Tehama County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

RRC#: 3934
Asking Price: $1,700,000
Location: Tehama County
Annual Revenue: 1,500,000
Annual Cash Flow: $200,000
Monthly Rent: N/A

Listing Description:
After 37 years, the owners of this highly successful Pizza and Italian restaurant are ready to retire and pass on years of goodwill to a well-qualified operator. This is your chance to capitalize on the low-interest rates in today's market while they last and lock in a great deal. The restaurant and business together are pre-qualified for an SBA long-term (25year) loan with just 10% down. Therefore, an experienced operator with strong financials would be able to purchase this business investment with the SBA guarantee of 10 percent of the purchase. The Investment would also be able to pay the debt service on the loan and still have plenty of cash left over for the new owner. This is also a pandemic-proof business as they have made more money in 2020 than in 2019. With $1,500,000 plus in annual sales and over $200,000 in seller's discretionary cash-flow, this is a rare find indeed. This investment will pay for itself and provide a great income for your family.
The real estate Includes approximately 3,000 plus sq ft fully equipped free-standing restaurant which is right off the I-5 freeway exit, with approximately $200,000 in solar equipment installed and a huge parking lot. The attractive dining room creates a friendly atmosphere seating approximately 84 with large booths, tables and two ADA compliant bathrooms. An enjoyable dining room and a semi-open kitchen give the restaurant a warm cozy feeling.
The sale also includes all fixtures and equipment sufficient to operate a high volume restaurant some of which are solar panels, solar system, several cold tables, 4 POS work stations w/ printers, Hobart 60 qt mixer, three compartment sinks, water heater, Ice machine, walk-in cooler, 2 freezers, security cameras, monitor for cameras, PA system, grill, fryers, Type 1 hood with Ansul fire suppression syst


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,500,000
Cash Flow:   $200,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1980
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Retirement




Print Listing Id: 700361763
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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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