Magnificent Grill and Bar in a Destination Location
Restaurants for Sale / Liquor Businesses for Sale
- Primary Category: American Restaurants for Sale
- Secondary Category: Bar/Restaurants for Sale
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.
- Pre-Approved for SBA Loan. Real Estate is available to purchase for $1.5M or Seller will lease.
- Liquor License type 47
- S-Corp
- Inventory not included in Sales Price, approximately $28,000.
- Point of Sale System - Toast
Financial Information
- $1,500,000 Asking Price
- $635,318 Cash Flow
- $1,991,762 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
Verlen Love
Sunbelt of BakersfieldContact Business Broker
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