Under Contract - Magnificent Grill & Bar in Destination Location

San Joaquin, CA

Seller Financing Available

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Asking Price:$1,475,000
Gross Revenue:$2,297,000
Established Year:1984
Cash Flow:$749,694
Inventory:$28,000
BUSINESS DESCRIPTION

IF YOU HAVE A GRILL & BAR OR HAVE EVER WANTED TO BE AN OWNER, THIS IS A GEM!!!! A picturesque location with a view of the river and the surrounding hills.

Established in 1984 by the original Owners. Current Owners purchased the establishment with the intention of upgrading and reorganizing the business and have been very successful in making their vision a reality. They have remodeled and upgraded the Kitchen with state of the art and current equipment. The dining outside dining area has been extended to include a large, covered area with room for live music and events. The Bar Area has also been expanded and improved. Tables, railing, chairs, etc. are all newer and in pristine condition. The exterior of the building is also in excellent condition including a new roof within the last 3 years. This is a hidden gem that will need little to no capital injection. 

A very busy location and many hotel guests come here to dine.  The grill and the bar are well-run by all of the staff, management, kitchen, servers, bussers, bar tenders, etc.

Notes:
-Pre-Approved for SBA Loan.  Real Estate is available to purchase for $1.5M or Seller will lease.
-Seller will consider Seller financing with a large downpayment.
-Liquor License type 47
-S-Corp
-Inventory not included in Sales Price, approximately $28,000.
-Point of Sale System - Toast


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Facilities
Established in 1984. A standalone building with approximately 30 parking spots and ample street parking. Property is available for lease or purchase
Competition
High traffic area and a go to location. Growth can be achieved by offering other menu choices, hosting events and offering additional entertainment venues.
Financing
SBA approved, Seller Financing on real estate is possible.
Support & Training
Seller will negotiate a transition period
Reason for Selling
Other business interests
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John
CBI, CCIM, DRE #556588
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John CBI, CCIM, DRE #556588