Quincy Restaurants For Sale
Make $100k + Own the building + Free Living Space + Rental Unit
Go Visit this Beautiful City and Restaurant by Selecting the Button To The Left "Want Name/Address."
An incredible opportunity to make $100k+ per year, own the building, have free living quarters as well as rental income.
This restaurant with real estate is situated in the beautiful Western Sierra Nevada's of N. CA and is located just 70 miles from Lake Tahoe and Reno, Nevada. The restaurant is a locals favorite and has been operating since 1949 with three main families at the helm. It is the oldest eatery in this historic town and the interior has a funky, rustic and cozy ambience featuring two main dining rooms and a large outdoor patio that blooms 7 months of the year. The restaurant features a beer and wine license and an eclectic menu with pizza, pastas, entrees and grilled items.
There is a HUGE bonus too. There is an apartment (with a separate entrance) upstairs and a studio apartment behind the main building. Live upstairs and have a mother in-laws quarters out back or rent them out and potentially add another $18,000 of annual income. There is also a small garden area for fresh herbs and veggies.There is ample street parking and an adjacent parking lot across the street from the restaurant.
This small towns main industries are tourism, outdoor recreation and timber. The weather is mild much of the year and there are four distinct seasons with brilliant colors in the Fall, wildflowers in the spring, snow sports in the winter and hundreds of streams as well as major lakes for water sports in the summer.
Sales have grown steadily each year: 2014 = $397,000. 2015 = $427,000. 2016 = $434,000. 2017 = $445,000.
SBA LOAN is available for this business, making this an affordable investment.
2017 Working Owner Cash Flow before financing costs was about $100,000 + per year. Potential to make even more if you have "industry" experience as current owners had no prior restaurant experience.
Put 20% down of about $100,000 and the monthly principle and interest will be about $3,400 depending on the mix of real estate value versus business value. For purposes of this ad, business value is estimated at $159,000 and the real estate value is $300,000.
To qualify for an SBA loan one must have at least 5 years restaurant management experience, good credit, good tax returns as well as proof of the down payment in the bank for past 3 months.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
5 Days a Week Winter 5 - 8:30"ish"
Facilities
Highlights
- $100k+ per year income + Own the Real Estate
- Includes Living Quarters and Rental Unit
- Quality of Life in Idyllic Mountain Town
- Classic Stone Facade with Old Wood Flooring and WallsFeels like a Hunting Lodge
- Quaint and Cozy
- Long Time Employees
- Great Staffing
- Beer & Wine License
- Garden in Back of Restaurant
- Short Hours - Dinner Only
- Immediate accès to Hunting, Fishing and Outdoor Activities
- NOT ADA COMPLIANT
Financing
Demographics
| Population | 5-mi |
|---|---|
| 2014 Total Population | 3,823 |
| Households | 5-mi |
| 2010 Number Of Households | 2,800 |
| 2010 Persons Per Household | 2.19 |
| Median House Value | $238,987 |
| Income Per Household | $50,809 |
| Businesses | 5-mi |
| 2009 Number Of Businesses | 202 |
| 2012 Number Of Employees | 3,548 |
| 2012 Total Annual Payroll | $69,071,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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. DRE License # 01339409.