Real Estate Included - Sba 25 Yr Term - Bar, Restaurant - Central Vall

Merced County, CA

Real Estate Included - Sba 25 Yr Term - Bar, Restaurant - Central Vall
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Asking Price: $1,699,000

Cash Flow: $401,892

Gross Revenue: $1,830,871

EBITDA: N/A

FF&E: $0

Inventory: N/A

Real Estate: N/A

Established: 1900

Real Estate Included - Sba 25 Yr Term - Bar, Restaurant - Central Vall

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Business Description

Real Estate Included - Sba 25 Yr Term - Bar, Restaurant - Central Valley City - $400k Profit.

RRC#: 3744
Price Reduced: Offered At $1,699,000
Location: Merced County
Annual Revenue: $1,830,871
Annual Cash Flow: $401,892

Listing Description:
Take advantage of the current SBA loan rates which have never been this low. Pre-approved for SBA long term 25 year finance with only 10% down. Price at $1,699,000 to include the Real Estate and the Bar and Restaurant business with provable financials. This recently renovated bar & restaurant with banquet rooms produces $1.8 million in annual sales and an owners discretionary income of $400,000. Located on the main thoroughfare in one of California’s Central Valley’s booming University cities. The Seller/Landlord may lease just the business for the right operator, (See Listing #3745 for full details for leasing the business only.) The bar seats 40 with 12 additional barstool seating, the bistro restaurant seats 50, featuring brick exposed walls and a focal point double Pizza oven show kitchen. There are 2 banquet room for 60 each which are in high demand, a total capacity for 200. The bar has an ABC type 47 hard liquor license which is included with the sale. The large kitchen is fully equipped with it’s 12ft type 1 hood with fire suppression system, complete Saute, Broil & Fry line and fresh homemade bread prep area with ample work tables and refrigerated worktops plus a large walk-in cooler. The additional overflow dining room and banquet rooms were remodeled in 2019 and the whole place shows extremely well. The current owner is passionate about fresh food and has designed the kitchen to suit a quality menu. This would suit a semi-absentee owner or a working family owner to enjoy the annual sales and $400,000 in Sellers Discretionary Earnings for the sale price of $1,699,000 including the real estate. Also, the owner may carry a position of the sale to well qualified, experienced buyer’s with good financials and credit. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long term SBA loan solution please complete the ‘Non Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & full list of equipment included with the sale. We’ll also send you the Broker’s direct contact information so you can discuss this opportunity in more detail.

General Information:
Organization: Inc
Established: 1880
Current Owner: 1995
Employees: 32
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $152,572
Monthly Cash Flow: $33,491
Annual Revenue: $1,830,871
Annual Cash Flow: $401,892
Monthly Payroll: $51,830

Detailed Information

Location:
Merced County, CA
Real Estate:
Owned
Included in asking price
Building SF:
7,350
Employees:
32
Facilities:
Seating: 200 Hours: Tues-Thurs 11am-10pm, Fri 11am-12am, Sat 4.30pm - 1am, Closed Sunday & Monday Parking: street
Reason for Selling:
Other Interests
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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

Memberships & Certifications:
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.

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Ad#:1762689

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