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This restaurant with a type 47 liquor license has been serving QUALITY pizza and pasta at the same location for 24+ years. This is not a "tired" concept. Last years sales and profit were the best ever and each year shows growth.
PROFIT IS CONSISTENT year after year and their are detailed tax returns to verify it.
Free cash flow is $252,000 (pre-debt) and It will easily qualify for an SBA loan with 20% down, good credit and industry experience. That means this is less than a 3 multiplier AND YOU OWN THE REAL ESTATE. That is unheard of.
ENJOY A 5 DAY WORK WEEK as the restaurant is closed Sunday and Monday. Continue as is or open 1 or 2 more days to increase revenue and profit.
TAKE 6 WEEKS VACATION PER YEAR as the restaurant closes 2 weeks in November and 4 weeks from the end of February to the end of March
REAL ESTATE INCLUDED and has been VERY well maintained. Recent improvements include 1 year old roof, new leach lines, 3 year old deck and sanded interior wood floors.
SBA LOAN: This business easily qualifies for an SBA loan with as little as 10% down. Monthly mortgage principle and interest would be about $3,600 with 10% down. That leaves $208,000 of cash after debt payments! WOW!
Take a Look at the PHOTOS.
There is a catch however, you must be willing to live and work in a small community in the mountains of N California in a prestigious resort area with access to world class fishing, hunting, boating and year round outdoor recreational activities.
Sale includes FF&E, type 47 liquor license and the real estate.
Please visit our website at SellingRestaurants.com to get the name and address of this business.
|2014 Total Population||2,875|
|2010 Number Of Households||1,491|
|2010 Persons Per Household||2.21|
|Median House Value||$266,100|
|Income Per Household||$46,463|
|2009 Number Of Businesses||73|
|2012 Number Of Employees||532|
|2012 Total Annual Payroll||$8,510,000|
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