SBA Pre-Approved - Owner Absentee - Beer & Wine Bar, Restaurant

SBA Pre-Approved - Owner Absentee - Successful Beer & Wine Bar & Restaurant Located in Tuolumne County

RRC# 4766
Location: Tuolumne County

Description:
Priced at $845,000 with profits of $290,000 in 2022/2023. Buyer needs 15% down $127,000 for this bar and restaurant which is pre-approved for a long term fixed rate SBA loan at 8.5% to experienced, well qualified Buyers through one of our preferred lenders. Consistently high growth with annual sales revenues of $3 million in 2022 & 2023 and the owner is totally absentee. Long term managers and chefs are a blessing and this restaurant is operated under experienced, quality
management.All the employees are in place with good revenues and provable cash-flow, good books and records with verifiable financials set in this great location. Enjoy beautiful Tuolumne county in the Sierra foothills near many award-winning wineries and the neighboring towns of Murphy’s, Angels Camp, Sonora, Jamestown & Arnold. The current owner purchased this restaurant in 2021 and has grown the business to new heights and now wishes to pass on his success to a well qualified buyer, perhaps a chef and partner team from the urban city or an entrepreneur looking to invest in this wonderful location. Fully equipped kitchen to include 20ft Type 1 hood with fire suppression system, large walk-in, full range of stoves and ovens plus many refrigerated worktops. The Bar area seats 40, dining room 120 with 2nd floor banqueting & bar for 80 guests. Ample parking and high visibility from the busy Main Street at the Gateway to Yosemite National Park. 6,900 sq ft of usable space including huge storage. a long lease of 17 years remaining & a low monthly rent of $10,500 (4.2% of revenues). This successful business has space, ample parking and a superb location. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long term SBA loan solution please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

Financial Information:
Monthly Revenue: $247,000
Monthly Cash Flow: $24,200
Annual Revenue: $2,964,244
Annual Cash Flow: $290,428

General Info:
Ownership: Inc
Established: 2006
Employees: 38
Reason For Sale: Other Interests
Monthly Rent: $10,500
Expiration: 2026 plus Three x 5 year lease options

Facilities:
Square Feet: 6,900
Seating: 240
Parking: Huge Parking Lot
Licenses: ABC Type 41 License, Business & Health Permit
Days/Hours of Operation: Sunday - Thursday 11.00am - 9.00pm, Friday and Saturday 11.00am - 10.00pm