Five Star Restaurant with Unique Blend of Fine Dining, Specialty Market, and Bar

This California Cuisine Style restaurant is the premier dining location in the Central Valley. This Five Star restaurant boasts an impressive and ever-changing wine menu with varietals from around the world. There is something on the wine menu for everyone and anyone. Even the most discriminating palates are impressed by the fine wine selections. And for those professionals looking to sit, relax, enjoy a martini and meet new people, the bar has the perfect atmosphere. Serving only the finest spirits, the bar has earned a reputation of excellence in service and quality. The catering business is also fashioned after its reputation for fine foods and outstanding service. The catering menu features party trays, sandwich trays and boxed lunches picked up or delivered. This restaurant has shown consistent growth year-over-year since inception with 2006 gross revenues approaching $2.7 million and adjusted net of $402,000. There is plenty of upside opportunity too. The food costs are running 41%! While the beverage costs are running 33%. So there is plenty of opportunity to grow the bottom-line. This is a 100% absentee run restaurant. A new owner could easily reduce the food & beverage cost by at least 10%, adding another $270,000 of profit to the bottom-line! The staff is in place and well trained to provide high-class second-to-none service. There is a professional chef and a general manager plus 2 supervisors running the restaurant. In total there are about 49 employees. The all-in labor costs are below industry averages with 2006 running 30.3%. And the lease is an absolute dream come true with a great landlord who cares about his tenants and treats them well. There are 4 years remaining plus a five year option. Seller believes the landlord will give at least one more option period. The rent remains constant at $5,849/month until December 31, 2011 and then increases to $6,141 and remains constant until December 31, 2016! UNBELIEVABLE! The CAM is $1,477 per month. That's a 3% rent factor at today's revenue levels! Needless to say, this is a very private listing. All buyers must meet the following minimums in order to obtain the name of the restaurant: (1) at least 5 years major restaurant management experience; (2) at least $400,000 immediate cash available to place as a down payment for a loan; (3) at least a FICO score in the upper 600's, and; (4) provide a personal financial statements to SellingRestaurants with a signed confidential agreement. To begin the process, please select one of the orange buttons below. It requires you to register. Complete the registration then sign the online confidential agreement and e-mail the agent for more information. This is a beautiful restaurant and a rare sale. Don't miss it!

Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	30,802	192,024	349,946
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	11,035	68,146	120,290
2010 Persons Per Household	2.59	2.64	2.74
Median House Value	$186,400	$194,029	$203,366
Income Per Household	$42,286	$48,565	$51,334
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	1,262	5,055	7,880
2012 Number Of Employees	39,972	163,396	229,360
2012 Total Annual Payroll	$553,869,000	$2,876,212,000	$4,128,949,000

click for more demographic info

Disclaimer