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Bar, Restaurant And Banqueting Business

Location  California,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1680000
Net Profit / Cash Flow  $174000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1956
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased

Real Estate Included, Family Owned And Operated, Central Valley Steakhouse Restaurant RRC#: 2085 Asking Price: $1,500,000 Location: Central Valley, Central Valley, California Yearly Revenue: $1,680,000 Yearly Cash Flow: $174,960 Monthly Rent: ''Real Estate Included LISTING DESCRIPTION: The success & history of this Large Restaurant and Bar business dates back to 1952 while in the present family ownership since 1988. The owners wish to retire and pass on their highly successful business to another restaurant operator. The Real Estate is included at 1 acre approx to include this 10,000 sq ft restaurant building. The ambiance of stepping into history & grandeur runs throughout the building. The original redwood ceiling in the bar really sets the theme and seats 80. The high, wood beamed ceiling in the dining room creates a wonderful atmosphere and seats 120 and two regal banqueting rooms seating 175 wraps up the guest space. No expense has been spared on recent upgrades, which include both brand new restrooms and beautifully restored banqueting rooms. There is a full ABC Type 47 license included with alcohol accounting for only 30% of the total $1.7million in annual sales and 11% annual net profit. There is so much scope to increase business volume, especially in the casual bar area. The whole establishment is full of historical character and has been cleverly modernized and upgraded by the present owners. There are two kitchens, one for Preparation, Banquets and Catering, the second, a smaller short order, dining room kitchen, both of which are modern and fully equipped to take on whatever future demands require. Two walk-in cold rooms and walk-in freezer for food storage with both kitchens amazingly well appointed using high-grade commercial broilers, stoves, ovens and fryers. These modern functional kitchens have been created without wasting space so that most of this business can be used for customers.

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