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Magnificent Grill And Bar In A Destination Location For Sale

San Joaquin Valley, California, US
Asking Price:
$1,475,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,280,000
Cash Flow:
$616,000

Established in 1984 by the original Owners. The current Owners purchased the establishment with the intention of upgrading and improving and have been very successful in making their vision a reality. Current owner remodeled and upgraded the Kitchen with state of the art and current equipment. They have extended dining space to include a large, covered area with room for live music and events. A picturesque location with a view of the river and the surrounding hills. 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
Facilities:
Established in 1984. A standalone building with approximately 30 parking spots and ample street parking.
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: $1,500,000.00
Real Estate Description:
Available for lease or purchase

Detailed Information:
Lender Prequalified: Yes
SBA Prequalified: Yes
Rent: ON REQUEST
Is Going Concern: Yes
Market Competition: High traffic area and a go to location. Growth can be achieved by offering other menu choices, hosting events and offering additional entertainment venues.

Property Information

Size in square feet:
3,000

Business Operation

Reasons for selling:

Other Business Interests

Years established:
40

Other Information

Support & training:

Seller will negotiate a transition period

Financing available:

Downpayment Required: ON REQUEST
Financing is available

Inventory / Stock value:
$28,000 - included in the asking price