Lounge Restaurant In Fast Growing City - SC2212
Not Disclosed, CA Not Disclosed
Northern California
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- RE: Lounge Restaurant In Fast Growing City - SC2212
- Contact: Adriana Sargent
- License #: 02100708
Quick Facts
| Asking Price: | $321,000 | |
| Annual Revenue: | $375,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2024 | |
| Employees: | 5 | |
| BBN Listing #: | 986397 | |
| Broker Reference #: | SC2212 |
Business Overview:
Northern Californian Lounge Restaurant In Fast Growing City - SC2212
Asking Price: $321,000
Cash Flow: On request
Gross Revenue: $375,000
Down Payment: $321,000
This Northern California based Lounge Restaurant is a Californian Sub-Chapter S Corporation and was formed 1 year ago under the founding leadership. Open 5 days a week and located downtown in a vibrant fast growing Northern California city, this business thrives by providing beer, wine, and an amazing curtailed menu of soups, salads, starter, paninis and flatbreads. They offer live music once per week and are a kid and dog friendly environment. This location is BRAND NEW…only in operation for just under 1 year. They have a Type 41 ABC Liquor License with seating of 55 seats (maximum 75).
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Property Features and Assets:
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established: 2024
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Part-Time Employees: 5
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $6,000
Monthly Rent: $3,553
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1600
FF&E Included?: Yes
FF&E Value: $100,000
Market Competition and Expansion:
Market Outlook/Competition
The U.S. wine market size was estimated at $81.33 Billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030. Wine sales have surged across the U.S. owing to innovation in its flavor, color, and packaging. Beyond the classic wines, niche markets and emerging wine regions are gaining prominence.
Training/Support
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
CA 02100708
NV 1003039
Reason for Selling:
The reason for selling is Seller would like to pursue other interests.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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