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#1210
San Francisco Metro

Large Restaurant & Bar with Entertainment & Hard Liquor!

$120,000
Sold
Large Restaurant & Bar with Entertainment & Hard Liquor!
This Listing is Sold

No Reasonable Offer Refused! Great feel to this recently closed restaurant. Located in beautiful Lake County just minutes from Clear Lake, this business went through an extensive ground up renovation in 2004, the year it was established. Currently it offers a full bar seating 20, a dining area seating another 64 and an entertainment area complete with stage, stage lighting, pool table and room to transform into a banquet for 50 customers. This is possibly the most happening spot in town offering live entertainment and an extensive menu satisfying everyone. The kitchen is complete with Type I Hood System, walk-in, grease trap and all the other equipment you would expect to see in a restaurant designed for volume. Though this restaurant is located in a resort town the sales stay pretty consistent all year long. The sellers informed the agent they really have not yet tapped into the seasonal market, their business is mostly local. Serving Lunch & Dinner seven days a week and Breakfast on the weekends the successful owner will be need to take a hands on approach to continue the growth. The facility Sq Ft is approx. 3500-4000 with a gross rent of only $2700 a month. The current lease with option goes through July 31st 2014. If you have been looking for your own business, enjoy the quality of life a small town offers, enjoy fun on the lake, don't pass this one by. The current owners have a great opportunity and have decided to move on, this truly is your gain. Sellers are motivated and may even carry a portion of the purchase price to the right buyer.

Please take the next step by choosing one of the orange buttons below to see photos, financials and many other great aspects to this business.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
San Francisco Metro
Lease Term:
Expires July 31st 2009 + 5yr Option
Total Monthly Rent:
$2,700
Security Deposit:
$2,500

Financials

Last Year's Annual Gross:
$456,800
Last Year's Food Cost %:
62.12
Last Year's Payroll Cost %:
20.41

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
5
# of Family Employees:
1
Hours Open:
Mon- Fri 11am - Midnight
Sat & Sun 9am to Midnight
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
134
# of Parking Spots:
20
Inside Sq. Ft.:
3500-4000

Highlights

  • Recently Closed Restaurant
  • Type 47 Hard Liquor License Included
  • Just Minutes from Clear Lake
  • Facility is in Excellent Condition
  • Seats 64 Dining, 20 Bar and 50 Banquet
  • Large Stage for Live Music
  • Nearly 4000 SQ Ft Only $2700 Month
  • Tons of Storage Space plus Office
  • Complete Ground Up Renovation in 2004
  • Owners May Carry to Qualified Buyer
  • COGS for 2007 was 62.12 % Lot
  • This is an Owner Operator Business

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 10,819
Households 5-mi
2010 Number Of Households 4,582
2010 Persons Per Household 2.37
Median House Value $212,600
Income Per Household $43,136
Businesses 5-mi
2009 Number Of Businesses 350
2012 Number Of Employees 6,654
2012 Total Annual Payroll $116,071,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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.

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