Under Contract - Magnificent Grill and Bar in a Destination Location

53497 Bar & Grill.jpg
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Restaurants & Food Businesses for Sale

  • Primary Category: American Restaurants for Sale

----UPDATED FINANCIALS THROUGH JUNE 2024----

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

Financial Information

  • $1,475,000 Asking Price
  • $749,694 Cash Flow
  • $2,297,000 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.

Real Estate Description

  • Available for lease or purchase
Business Listed by
image of Verlen Love
Verlen Love
Sunbelt of Bakersfield
Email Verlen
Show Phone Number
Listing ID
BAKERCA001-53497
License Number
01893503

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