Upscale Restaurant & Bar, $500k Yr Net, SBA Approved
| Asking Price: | $1,099,000 |
| Gross Revenue: | $3,000,000 |
| Established Year: | 2022 |
| Cash Flow: | $458,000 |
| Inventory: | $25,000 |
Upscale Restaurant & Bar with $500,000 Annual Net Income, SBA Approved.
A very successful, upscale restaurant and bar known for its unique menu was established in 2022 and has experienced a consistent increase in revenue since then. The beautifully decorated establishment is in a diverse and affluent town in San Joaquin County, California, near Highway 5 and wine country, making it an attractive destination for a high-end clientele. The area experiences high foot and vehicle traffic, further adding to its appeal. The menu features flavors from the Mediterranean, Southeast Asia, Europe, and the United Kingdom, complemented by high-end wines and hand crafted cocktails. The bar is known for its craft cocktails as they make everything from scratch from syrups to fresh juices. The restaurant caters to group dining and hosts events like wine pairing, scotch and tequila tasting, special Thanksgiving meals, etc. This is not to forget group dining for holiday parties, corporate gatherings, and special occasions like birthdays and weddings. The business occupies two stories, with a full-service bar and dining area on the main floor and a private dining area, upstairs balcony, and office on the second floor. The building also has a residential unit that can be converted into a banquet room or used as a residential quarter for the new owner. PRINCIPALS ONLY !
Listing Details;
* Total building square foot: 6,846
* Restaurant space: 5,983 square feet | Residential studio: 863 square feet, can be rented separately.
* Lease: 10 years with options to renew
* Rent: 5983 x 2.60 = $15,556 monthly (4% yearly increase) plus triple net charges of $1,735 monthly. Total rent: $17,291; this is all-inclusive.
* Seating capacity: Main-level dining room, 60; Lounge, 60; Bar, 20; patio 20, | Upper-level private dining room & patio 40.
* License & permits: Type 47 liquor, health, and business licenses. All transferable.
* Employees: 12 full-time, 6 part-time
* Hours: 11 am–9 pm, Seven (7) days a week.
* Parking: Street and parking lots
* Reason for sale: Retirement
Revenue:
For revenue and financial details, qualified prospects can contact the listing broker with pre-qualification and proof of funds. Upon verification of these documents, the broker will provide the necessary financial information.
Financing:
All Cash. Additionally, it's SBA Approved.
The Seller has provided all the information in the offering memorandum, but MS Real Estate Inc., the listing broker, has yet to verify it for accuracy or completeness. Therefore, it is the responsibility of both the Sellers and Purchasers to verify the information themselves. MS Real Estate Inc. strongly recommends that you seek the help of legal and financial advisors to help you with this process.
The NDA and Buyer Profile forms are attached below. Both forms must be completed to initiate the process. Once these forms are submitted, the listing broker will contact you to discuss the next steps. There are no exceptions. PRINCIPALS ONLY!
