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Businesses For Sale   >>   Banquet Businesses For Sale   

Casual Restaurant - Full Bar, Banquet Room & Patio

Location  California,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2275000
Net Profit / Cash Flow  $400000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1998
Number of Employees  35 - 49
Relocatable  No
Number of Employees  35 - 49
Real Estate  Leased
Training  Yes.
Reason for Sale  Other interests.

An excellent opportunity to own a high volume restaurant with full bar and a consistent track record of profitability. Offers both dine-in and take-out services. Located in an established shopping center in Northern California. General: --------------------------------------------------------------- Established for Close to 10 Years. Seating: Dining, Patio, Bar, Small Banquet Facilities. Square Foot/Size: 4,766 Approx. Parking: Paved Parking Lot. Licenses Required: Type 47 Liquor, Business. Days Open/Hours: 7 Days per Week; Lunch & Dinner. Reason For Sale: Other Interests. Financial Information (2007): ----------------------------------------------------------- Revenue: $2,275,000. (Projected 2007) Seller's Discretionary Cash Flow (SDCF): $400,000. (Projected 2007) Current Inventory: $50,000 (estimate). Lease Information: ----------------------------------------------------------- Lease Rent: Greater of 5% of Gross Sales or $7,295.08/Mo. + NNN. Lease Expiration: 2008. Yearly Adjustment: Contact for Info. Lease Option: 2 5-year options. Security Deposit: None. Financing Information: ----------------------------------------------------------- Asking Price: $1,200,000 + inventory Inventory: Estimated $50,000 at cost. Down Payment: SBA - 20% for qualified buyers. Email or call Bill Decker, Vercor, at Office: (916) 860-8607 / Cell: (916) 749-2502 for more information on this Restaurant for sale.

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