Bar and Grill in Great Location

Petaluma, CA (Sonoma County)

Bar and Grill in Great Location
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Asking Price: $249,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $3,100 per Month

Established: 2002

Bar and Grill in Great Location

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Business Description

Bar and Grill with Type-47 full liquor and Type-58 catering license for sale in a great location with bar seating, dining room seating and an outdoor patio. Kitchen is fully equipped with a Type-1 hood and 23’ X 6’ walk-in refrigerator. Premise offers ample on-site parking and is located in a high-traffic area for residents, tourists and commuters. Pre-Covid, the owner was semi-absentee, and many employees plan to return after restrictions are lifted. This is a great turnkey business for someone looking to purchase their first bar or an operator looking for another location.

ADDITIONAL DETAILS:

-Bar and Grill is 2,200 square feet (approx.) with an occupancy of 40 (approx.) in the dining room; 22 in the bar and 24 on the outside patio. 12 more outside seats have been added during Covid Restrictions

-Rent is $3,100 monthly plus the fire insurance for the premise. Current term expires April 30, 2021 with one, 5-year option. Landlord will negotiate a new lease with a qualified Buyer.

-Kitchen features an 8’-0” Type-1 hood; 6 burner stove with oven; sandwich prep station; flat-top grill; double basket fryer; 2 compartment sink with drainboards and dishwasher, hand sinks, large capacity ice machine and more

-Established in 2002, the restaurant is open for lunch and dinner 7 days a week under normal, pre-Covid conditions: Tuesday - Thursday 11am - 10pm; Friday - Saturday 11am- between 12am and 2am; and Sunday - Monday 11am - 5 pm

-Owner is semi-absentee (approx.) with 1 manager/server, a chef and 11 part-time employees. Many employees have worked at the Bar & Grill for over 17 years.

-Inventory valued at $5,000 (approx.) is not included in the purchase price and is available for buyer to purchase.

-Premise is licensed with an ABC Type-47 full liquor license and a Type 58 Catering License are included in the sale

PRICE INCLUDES: Furniture, fixtures & equipment brand, name, recipes/menu, training, leasehold interest, leasehold, goodwill & improvements. Some personal items are excluded.

DISCLAIMER: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information.

Detailed Information

Location:
Petaluma, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
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Ryn Longmaid

Business Listed By:
Ryn Longmaid

Santa Rosa Business & Commercial

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.


Sponsoring Broker:
Mike Nova

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Ad#:1823294

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