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#4030
Eureka Restaurants for Sale

FAMILY ITALIAN RESTAURANT 67 YEARS OLD IN MAJOR HARBOR W/BEER & WINE

$64,000
FAMILY ITALIAN RESTAURANT 67 YEARS OLD IN MAJOR HARBOR W/BEER & WINE
This Listing is Expired

Once in a Blue Moon an Opportunity comes along like this one...a Local Iconic Restaurant in rare location and in a setting that's hard to find.

The restaurant opportunity sits on the Beautiful Northern California coast just a couople hours north of San Francisco, in a local Harbor Dockside, where fishing vessels and charter boats for tourists reside. There is only a limited handful of restaurants in this area and tourists frequent this location for sport fishing, party boats and whale watching tours. This is a working harbor with commercial fishing as well, so there is no shortage of fresh seafood to serve your clientle.

The current concept is Seafood and Italian with Cioppino made fresh along with some award winning recipes...among them their famous clam chowder!

The restaurant has been in business with the same family since 1947, so there is unquetionable goodwill...67 years as a family run Italian restaurant. This restaurant has served as partial location for a 3 major motion pictures and was in Bay Area Back Roads tv show 12 years in row as well.

The freestanding building in older yet cozy...as is the Harbor itself, which adds to the feel of the area as a working harbor. Dining room is casual with windows all around to capture the harbor and river views.

The Upside opportunity is to take this restaurant to the next level:

  • There is a great outdoor deck adjacent to the indoor dining room and right on the dock with views of the river and harbor. This could be upgraded to include outdoor heaters,  Entertainment: Music on the deck, Outdoor Oyster Bar and Grill?.... a general revitalizing of the Deck area, furniture and decor could really make the area lucrative to a new owner!
  • Add a full liquor license, if possible. Currently a 41 Beer and Wine in Place.
  • Accept credit cards...huge upside as current setup is all cash only.
  • Expand menu to include breakfast or your menu concept. Cater to locals as well as tourists.
  • Currently a five day a week operation, open 8 months of the year...expand Days, Hours and Months open to maximize sales potential.
  • Add, Enhance or come up with a New Concept as the location and Ambience is Key component here.
  • Freshen up the interior bar and decor to suit your taste.
  • Increase marketing....Locally and regionally, Social media, Website

The Kitchen is adequate with hood system, grill, fryer, coolers and prep stations. plenty of storage as well (Hood system will need upgrade to ansul)

Rent is  Great!!  @ $2,600 per month, all in for 1,320 sqf. plus  large waterside deck!

The seller is the landlord and is willing to work with a new owner. They want you to succeed and are open to ideas.

Financials available to a qualified buyer only. This current operation is a 5 day setup essentially for lunch and dinner. They close from Nov. through February each year...so you can go to warmer climates with long vacations after a hard season of cash flowing, so sales info. is essentially for current operation and expenses as is.....

You are buying into the Dream of Owning a Dockside Restaurant with so much Potential. Restaurant is priced based on location, recipes, FF&E and goodwill...not a sales/net multiple.

Restrooms will need to be upgraded to ADA.

Owner is willing to look at reasonable offers and may consider a partial seller note from a qualified buyer.

Reason for selling: Owners have had a long successful run and are ready to retire.

A Paramount Restaurant Brokers, inc. Listing

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Eureka Restaurants for Sale
Lease Term:
New Lease
Total Monthly Rent:
$2,600

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Family Employees:
3
Hours Open:
11:30-9pm 5 days
Year Established:
1947
Hood System Type 1:
Yes

Facilities

# of Parking Spots:
12

Highlights

  • Incredible Price Just $64,000!
  • Harbor restaurant....dockside
  • Bring your ideas and invest in rare location
  • Gorgeous Northern Ca. Coastal town
  • In business since 1947
  • Great Rent @ $2,600

Financing

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

Demographics

Population 5-mi
2014 Total Population 13,531
Households 5-mi
2010 Number Of Households 6,191
2010 Persons Per Household 2.31
Median House Value $333,800
Income Per Household $41,496
Businesses 5-mi
2009 Number Of Businesses 486
2012 Number Of Employees 8,356
2012 Total Annual Payroll $117,334,000

click for more demographic info

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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