Sold
Magnificent Grill and Bar in a Destination Location
----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 - Toast
Listed By: Verlen Love
Background information
Reference:
53497
Year established:
1984
Reason selling:
Other Business Interests
Finance
Sales:
$2,297,000
Profits:
$749,694
Profit type:
Discretionary Earnings
Operations
Employees:
Varies with season. Provided during Due Diligence
Equipment:
Provided during Due Diligence and Inspection.
Inventory:
Asking Price does not include inventory of approximately $28,000.
Furniture fixtures and equipment:
To be provided during Due Diligence
Premises
Facility:
Established in 1984. A standalone building with approximately 30 parking spots and ample street parking.
Square footage:
3,000
Rent and lease terms:
Real Estate is for Sale or Lease, lease rate negotiable. Owner financing is also negotiable.
Location:
San Joaquin Valley, CA
Opportunities
Growth:
Growth can be achieved by offering other menu choices, hosting events and offering additional entertainment venues.
Market:
High traffic area and a go to location.
Price and terms
Price:
$1,475,000
Down payment:
$225,000
Financing:
SBA approved, Seller Financing on real estate is possible.
Training:
4 weeks at 20 hours per week