Highly Profitable Restaurant & Bar

www.GlobalBX.com

Listing ID: 700354203

Listing Title: Highly Profitable Restaurant & Bar

Quick Link: http://www.globalbx.com/listing.asp?bId=354203

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Northern California - All Northern California

City: Tuolumne County

Asking Price Range: $500K - $1.0M

Gross Revenues: $2,530,000

Cash Flow: $235,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1985

Number of Employees: 20 - 34

Business Description:
Highly Profitable Restaurant & Bar In Tuolumne County - Annual Revenues $2.5 Million - Priced $545k. RRC#: 3840 Price Reduced: Offered At $545,000 Location: Tuolumne county Annual Revenue: $2,530,000 Annual Cash Flow: $235,000 Monthly Rent: $9,000 Listing Description: Price Reduced to $545,000 with profits of $235,000 in 2019. Monthly 2020 sales revenue currently at $210,000 post-covid. Only $75,000 down for this bar and restaurant which is pre-approved for a long term SBA loan at low low interest rates to experienced, well qualified Buyer's through one of our preferred lenders. Consistent high growth 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 post Covid. All the staff are in place with good revenues and provable cash-flow, good books and records with verifiable financials set in a great location. Enjoy the rural Tuolumne County in the Sierra foothills near many award-winning wineries and the neighboring towns of Murphy's, Angels Camp, Sonora, Jamestown & Arnold. The current owners purchased this restaurant in 2012 and have enjoyed managing the business 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 urban city areas) 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 c



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