#407
Quincy Restaurants For Sale

Beautiful Turn-key Restaurant in Stunning Resort Community.

$80,000

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:

# of Full-Time Employees:

# of Part-Time Employees:

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:

# of Parking Spots:

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:

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

click for more demographic info

Disclaimer

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