Downtown Lotus

Coloma, CA
1855 Building
Asking Price:$100,000
Gross Revenue:$200,000
Rent:$4,000/Month
FF&E:$100,000
Cash Flow:$50,000
Inventory:$5,000
EBITDA:$200,000
Established Year:2018
BUSINESS DESCRIPTION

1200 sq foot historic building in the Coloma/Lotus Valley. We are surrounded by multiple county and State parks on the South Fork American river. Built in 1855 as a general store and turned into a restaurant in the 1950's. Remodeled 2018 into the Lotus Pub. Large open dining room with vaulted ceilings and 3 large 1850s Doors opening to the outside. Dining room capacity is 45,9 at the bar and 36 at tables with booths. Outdoor patio with seating capacity of 46. Decent size kitchen with walk-in refrigerator. Large parking lot able to accommodate a full house. Beautiful building. Currently open 4 days a week at night. Lots of potential for growth with more nights or more hours. Would also be great for breakfast/lunch.


DETAILED INFORMATION
Location
Coloma, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
01/11/2029
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Restaurant was fully remodeled in 2004 with new kitchen, (hood, fire suppression, plumbing, and electrical). Has been operating and up to code since then. Dining room was remodeled in 2018 with the addition of booths and a bar.
Competition
The market in the area is good. Breakfast, lunch, or dinner are all in demand. There are limited options for commercial space in Lotus with plenty of demand for more dining options. Any new restaurant in Lotus should strengthen the market for all the businesses in the valley. There is not much competition due to the lack of restaurant spaces available.
Growth & Expansion
Possibilities for growth are open as far as someone would like to take them. We are currently open 4 days a week for three hours, this is out of choice not for lack of demand.
Financing
All financials provided upon request to serious candidates,
Support & Training
2 weeks of training in-house at 20 hours per week. Open to any additional communication that could be of service to the new owner.
Reason for Selling
Ready to let someone else enjoy having a business here.
Home-Based
This business is Home-Based

BUSINESS LOCATION
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John Metropulos
John Metropulos