Established in 1984 by the original Owners. The current Owners purchased the establishment with the intention of upgrading and improving and have been very successful in making their vision a reality. Current owner remodeled and upgraded the Kitchen with state of the art and current equipment. They have extended dining space to include a large, covered area with room for live music and events. A picturesque location with a view of the river and the surrounding hills. 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
Financial Information
$1,475,000
Asking Price
$616,000
Cash Flow
$2,280,000
Gross Revenue
On request
Down Payment
Yes
Financing
Business Location
City:
San Joaquin Valley
State:California
Financing Comments
SBA approved, Seller Financing on real estate is possible.
Reason for Sale
Other Business Interests
Detailed information
Year Established:1984
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:Yes
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
On request
Inventory Included: Yes
Inventory Value:
$28,000
Monthly Rent:
On request
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$1,500,000
Building Size: 3000
FF&E Included?: Yes
FF&E Value: On request
Training/Support
Seller will negotiate a transition period
Facilities
Established in 1984. A standalone building with approximately 30 parking spots and ample street parking.
Market Outlook/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.
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