Under Contract - Magnificent Grill And Bar In A Destination Location
Not Disclosed, CA Not Disclosed
Asking Price:
$1,475,000
Annual Revenue:
$2,297,000
Request More Information Contact the Seller
- RE: Under Contract - Magnificent Grill And Bar In A Destination Location
- Contact: John Willingham
Owner Financing is Available!
SBA approved, Seller Financing on real estate is possible.
Quick Facts
| Asking Price: | $1,475,000 | |
| Annual Revenue: | $2,297,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $749,694 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $1,500,000 | |
| Year Established: | 1984 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | SB-53497 | |
| Broker Reference #: | BAKERCA001-53497 |
Business Overview:
----UPDATED FINANCIALS THROUGH JUNE 2024----IF YOU HAVE A GRILL & BAR OR HAVE EVER WANTED TO BE AN OWNER, THIS IS A GEM!!!! A picturesque location with a view of the river and the surrounding hills.Established in 1984 by the original Owners. Current Owners purchased the establishment with the intention of upgrading and reorganizing the business and have been very successful in making their vision a reality. They have remodeled and upgraded the Kitchen with state of the art and current equipment. The dining outside dining area has been extended to include a large, covered area with room for live music and events. The Bar Area has also been expanded and improved. Tables, railing, chairs, etc. are all newer and in pristine condition. The exterior of the building is also in excellent condition including a new roof within the last 3 years. This is a hidden gem that will need little to no capital injection. A very busy location and many hotel guests come here to dine. The grill and the bar are well-run by all of the staff, management, kitchen, servers, bussers, bar tenders, etc.Notes:-Pre-Approved for SBA Loan. Real Estate is available to purchase for $1.5M or Seller will lease.-Seller will consider Seller financing with a large downpayment.-Liquor License type 47-S-Corp-Inventory not included in Sales Price, approximately $28,000.-Point of Sale System - ToastTo request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Established in 1984. A standalone building with approximately 30 parking spots and ample street parking.Market Competition and Expansion:
High traffic area and a go to location. Growth can be achieved by offering other menu choices, hosting events and offering additional entertainment venues.Reason for Selling:
Other Business InterestsAdditional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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