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#407
Quincy Restaurants For Sale

Beautiful Turn-key Restaurant in Stunning Resort Community.

$80,000
Beautiful Turn-key Restaurant in Stunning Resort Community.
This Listing is Expired
This is a great opportunity for an owner operator looking to get out of the city and into a beautiful resort town in the Sierra's. Completely re-done from the kitchen through the dining room this restaurant offers excellent opportunities. With a base rent of onlt $2000 a month that's only .50 a Sq Ft. Currently open only for dinner during the summer season (six months or so) this place could be open year round as the retirement age group makes this their year round home at the lake. This restaurant offers an upscale dining experience of quality steak, seafood & pasta in a casual and inviting atmosphere; a new owner could easily capitalize on lunches, brunches, weddings & holiday banquets. Not to mention catering to local events and corporate retreats. The restaurant has two outdoor decks, one offering partial lake views and only minutes (by golf cart) to prestigious Bailey Creek Country Club. This restaurant sits on two lots which are currently being used for overflow parking. This adjacent lot could be used for large outdoor banquets or additional garden dining. Owner believes a residence can be built here if the new owner decided to purchase the property for a total of $695K.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Quincy Restaurants For Sale
Lease Term:
Negotialble
Security Deposit:
$2,000

Financials

Last Year's Annual Gross:
$90,000

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
22
Hours Open:
Dinner only: Closed on Tuesdays
5:30-9:00p.m.
Memorial Day to Labor Day
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
20
# of Parking Spots:
15
Inside Sq. Ft.:
4,000
Outside Sq. Ft.:
500

Highlights

  • Turn-key restaurant
  • Full bar with type 47 liquor license
  • Bar has own seating & own outdoor deck
  • Lots of new equipment
  • New tables,chairs, carpet and more
  • Should be a year round restaurant
  • Partial lake views off main deck
  • Too much potential to list
  • Liquor License in Plumas Co. Value at $75000
  • $2000 Base rent

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 5-mi
2014 Total Population 2,875
Households 5-mi
2010 Number Of Households 1,491
2010 Persons Per Household 2.21
Median House Value $266,100
Income Per Household $46,463
Businesses 5-mi
2009 Number Of Businesses 73
2012 Number Of Employees 532
2012 Total Annual Payroll $8,510,000

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Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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