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#577
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 Sierras. Completely redone from the kitchen to the dining room, this restaurant and bar (type 47 liquor license) offers excellent opportunities with unparallell High Sierra lakes and mountains. With a base rent of only $2200 a month, that's only $.50 a square foot. Currently open only for dinner during the summer season. This place could be open year around as the retirement age group makes this their year a round home at the lake. This restaurant offers an upscale dining experience of quality steaks, prime rib, seafood, and pasta in a casual and inviting atmosphere. A new owner could easily capitalize on breakfast, lunch, brunch, weddings, and holiday banquets. Not to mention catering to local events and corporate retreats. The restaurant has two outdoor decks offering partial lake views and only minutes from prestigious Bailey Creek Country Club. This restaurant sits on two lots with one being used for overflow parking. Part of this adjacent lot could be used for large outdoor banquets or additional garden dining. Owner will consider selling both property and business together for $750K.
Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
Agent Dana Ward DRE License #01728620

Lease

Region:
Quincy Restaurants For Sale
Lease Term:
3 yr plus options
Total Monthly Rent:
$2,200

Financials

Last Year's Annual Gross:
$103,932
Last Year's Food Cost %:
40.75
Last Year's Payroll Cost %:
28.24

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
12
# of Family Employees:
2
Hours Open:
Tuesday through Sunday
5:30 to close
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
128
Outdoor Seating:
40
# of Parking Spots:
20
Inside Sq. Ft.:
4,000
Outside Sq. Ft.:
300

Highlights

  • Turn-key Restaurant
  • Full Bar with Type 47 Liquor License
  • Bar Has Own Seating & Outdoor Deck
  • Lots of New Equipment
  • New Tables, Chairs, Carpet and More
  • Should be a Year Round Restaurant
  • Too Much Potential to List
  • Liquor License in Plumas Co. Value at $75000
  • $2200 Base Rent
  • Owner/Agent moving to San Diego

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

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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