A Must See!
This is a unique opportunity for a first time couple or successful restaurant owner to expand their operations in this extremely successful, classy and charming restaurant for sale in downtown Davis, California. This University City center is a Mecca for restaurants, bars and shops. A Chef and Partner would be ideal as there first ever opportunity to run their own show. The interior of this business is fitted out to an extremely high standard and shows beautifully. Take a look at the photos and you'll fall in love with this restaurant. You've got to see it! The kitchen is a good size, has a long cooking range with a walk in cooler. Presently the hours are lunch and dinner (summer months only) (lunch Tuesday through Friday and dinner in the winter) six days a week and a new operator could open for Sunday lunch capturing the Sunday Brunch crowd in this busy town center, thereby greatly expanding the revenue's.
LEASE TERMS: The lease terms make this restaurant and bar opportunity one of the best you’ll find in this condition and market place. Base monthly rent including cam charges is $4300 for 2,000 sq ft inside and 600 sq ft of outdoor patio dining and catering.
This restaurant’s Location and lease terms make it extremely profitable. The building is full of real charm and is absolutely turnkey, which benefits from a real quality build out. This location has been a restaurant for 30 years + and the present owners have operated this business for 28 of those years and now wish to retire. There is seating for 50 inside and a further 30 on the outdoor patio plus Catering. Revenues from the restaurant alone are annually around $680,000 and a further $130,000 in drop off Catering. All revenue areas have room for expansion. The owner’s turn away more Catering then they service presently and a new owner could capture and grow this very expansive and profitable side of the business. The restaurant has had a steady growth income for many years now and they are proud of their great reputation in the area. The restaurants reputation is reflected in the high demand for customer Catering.
This business is a $1 million plus in the making!
HISTORY: Buy the existing Restaurant's long-standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and Type 41 Beer and Wine License OR bring your own concept and take advantage of the lease terms, furniture, fixtures, and equipment.
FINANCIAL PERFORMANCE: The seller has shared that the monthly sales on an annual basis are in excess of $65,000 and the Seller will gladly discuss the monthly sales averages and expenses with serious, qualified buyers.
REASON FOR SELLING: The Sellers wish to retire after nearly three decades of many good years and many great memories.
TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.
Paramount Restaurant Brokers, Inc. Listing
|2014 Total Population||44,794|
|2010 Number Of Households||17,229|
|2010 Persons Per Household||2.43|
|Median House Value||$538,200|
|Income Per Household||$44,741|
|2009 Number Of Businesses||1,009|
|2012 Number Of Employees||20,756|
|2012 Total Annual Payroll||$338,433,000|
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