Outstanding Opportunity to own a large Restaurant in Merced that sits directly adjacent to a major off ramp which is Hugely Visible from Highway 99.
Owner Reduced price to $119,000!! Asset Sale....POS not included.
Seller priced this to move immediately due to existing ongoing concern.
The equipment and improvements alone are worth more than the price!'
Excellent for experienced owner operator.
This Casual.....yet, Upscale Bistro Restaurant includes a large Bistro Bar with plenty of seating for meetings, sports and all types of events.
There is 2 patio's....the rear patio is very large and can accommodate large outdoor gatherings....the rear patio also has a lawn and gazebo area too.
There is also an adjoining one room suite complete with Jacuzzi included in the rent, just in case you need to relax a bit. Also included is a large office as well. Needless to say.... with all this room the possibilities are endless!
This is a Big Restaurant and can handle the bus loads to Yosemite and currently does so.
There is ranch land nearby and the local ranchers appreciate the certified Angus steaks ...in fact this is the only certified Angus beef restaurant in the county.
The building can't be missed with it's impressive features and second story tower, including well light signage. This place is second to none in terms freeway viability, but if that's not enough the owner currently advertises on 3 freeway billboards enhancing the brand and increasing customer traffic.
This is a UC town and is where tourist turn to get to Yosemite too! {Locals and tourist like the this Restaurant with Good Service and Good Reviews}
Decor: This Main Dining is very comfortable with booth and table seating. Tall ceilings are everywhere. The Bistro Bar is a great place to have Fun and enjoy Happy hour festivities..... while other patrons can enjoy the elegant Dining room atmosphere and still enjoy the cozy intimate side of the restaurant.
There is a separate banquet room upstairs for parties, business meetings or catering events....(projectors included for meetings). There is another private room downstairs serving large groups for Lunch or Dinner.
The Bistro Bar is large with high quality furnishings and lots of natural lighting...The Bar has plenty of room for crowds with 50" big screens for sporting events to keep customers entertained.
Menu: Steaks, Seafood, Gourmet Salads, Vegetarian and Italian !....This is the place to go for certified Angus steaks and Italian food....and don't forget the Pizza from the Brick oven!
The owner currently Caters weddings, business meetings and many various types of events to add to profitability.
Full Bar in use under a 47 license! (seller to be added to landlord ABC license.)
Kitchen: The Huge Kitchen is fully outfitted and you can cook anything you want here! Thousands of dollars in equipment recently purchased practically new equipment. You need to see it!
Sales: $1.57m in 2012 at approx. $130K per month ! 2013 sales are a little les due to sellers other business concern...reduced hours in 2013 and still did just over $1.4 million in sales!
2014 Sales are sub par at approx. $70K per month, but with proper advertising and management sales would increase proportionately.
Rent: Rent is good at $7,000 + nnn for 7,000 sqf....includes suite and 2,000 sqf. patio areas. (+ $500 for addl. parking contract next to restaurant.
Qualified buyer will get this great opportunity!
Reason for Selling: The owner operates another business venture that requires his full attention with doctors orders to slow it down due to previous health concerns.
A Paramount Restaurant Brokers, Inc. Listing
Population | 5-mi |
---|---|
2014 Total Population | 33,562 |
Households | 5-mi |
2010 Number Of Households | 8,408 |
2010 Persons Per Household | 3.81 |
Median House Value | $101,400 |
Income Per Household | $33,046 |
Businesses | 5-mi |
2009 Number Of Businesses | 151 |
2012 Number Of Employees | 4,748 |
2012 Total Annual Payroll | $99,756,000 |
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