Description 3 Businesses: Restaurant/bar, Stand Alone Bar, Quick Service Restaurant + Real Estate
RRC#: 2139
Asking Price: $3,995,000
Location: In Downtown Location, Seaside Vacation Town, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: Contact For Info
The subject property consists of three commercial tenants - a restaurant and bar on one level and restaurant and bar on other level in a city central district. A buyer could operate one or more of the businesses and lease out the other business(es). The market rent is approximately $2.25 square foot NNN 8,480 sq ft net leasable times $2.25 sq ft = $19,080 month times 12 months = $228,960 gross rent. The fair market value of the businesses individually are $325,000 for the restaurant and bar with profits of $80,000, $335,000 for the bar with $122,000 profit and $200,000 for the quick service restaurant with approximately $800,000 sales based upon individual valuations completed by the broker.
GENERAL INFORMATION:
Organization: Sole Proprietorship | Seating: Rest/Bar 150+ Bar 50+ Quick Service 50 | Square Footage: 10,840 Gross 8,480 Net Leasable Area | Licenses Required: Business, 2 - ABC Type 47 Licenses (hard liquor) | Reason For Sale: Other Interests