Popular Full Service Restaurant & Bar

Placerville, CA (El Dorado County)

Great space for dining and for events
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Asking Price: $479,000

Cash Flow: $192,000

Gross Revenue: $1,046,000

EBITDA: N/A

FF&E: $0

Inventory: $20,000*

Rent: $4,500 per Month

Established: N/A

*not included in asking price.

Popular Full Service Restaurant & Bar

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Business Description

High Volume and Profitable!

Attention Experienced Restaurateurs!
Looking for a Restaurant & Bar opportunity that is profitable with strong sales but also still has room to grow?
This high-volume restaurant located in a beautiful Foothills location might be the one for you!
The Full Service Restaurant is a community hub for locals and a destination for travelers just of off nearby Hwy 50. Guests appreciate a casual yet elevated dining experience, and excellent value with high quality plates offered at reasonable prices.
The restaurant decor is a nice mix of modern and rustic with stone tiles, dark woods, industrial lighting fixtures and dark leather furniture. A beautiful and functional fireplace anchors the main dining room providing a warm focal point. The restaurant has a nice sized bar that offers a nice selection of local wines and domestic and craft beers which complement the menu. The attractive and spacious dining room is frequently used for community meetings and by clubs and groups. The open space is ideal for weddings and receptions too.
The fully equipped kitchen is set up to handle high volume production during peak periods for fast full table service and production for larger events and catering. In addition to the comfortable rustic indoor spaces, guests can enjoy scenic outdoor dining on the patio for much of the year.
The sale also includes an ABC Type 41 Beer & Wine license.
The Restaurant has a history of high-volume sales with 2018 Sales of $1,046,000 and a Net of $192k. Full Financial Package will be available with a signed NDA.
The owners have laid a great foundation and have pride in their place in the community, but the time has come to prepare for retirement. The business is fully staffed with seasoned front and back of the house teams so this can be a turn-key opportunity for the next owner. The next owner can continue the momentum of the current concept but there is room for a Chef-Owner to put their stamp on the menu, and catering and event bookings could also be an area to focus on where sales could be increased.
Interested? Please request a Confidentiality Agreement/NDA form to get the name and address.
Once we receive your Confidentiality Agreement, we will send you information with the street address and other details to get you started.
This is a Confidential Listing so please Do Not Disturb the business or employees. Tours are made through the Broker by appointment only.
We look forward to talking with you about this exciting opportunity!

Detailed Information

Location:
Placerville, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,350
Lease Expiration:
1/31/2022
Employees:
15-20 staff
Facilities:
Space is approx 3,350sf with Total Rent $4,500 (includes CAM/NNN & water). Great Lease in place through Jan 2021 + one 3-Year Option. Full Kitchen with Hood & Ansul, In-Ground Grease Trap, & large Walk-In Refrigerator.
Competition:
Great location in busy business area in the community. Close to Hwy 50 so also pulls travelers to the area.
Growth & Expansion:
Booking catering and event in the beautiful indoor and outdoor spaces could also be an area to focus on where sales could be increased.
Support & Training:
Sellers are offering 2 weeks @ 40hrs/wk Training & Transition time.
Reason for Selling:
Preparing for retirement
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Tricia Bernhardt

Business Listed By:
Tricia Bernhardt

Restaurant eXchange

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Ad#:1712435

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