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#5001
Area: Redding and Shasta Area

MAJOR CASH COW! Profitable! Historic Restaurant & Bar w/Hard Liquor

$450,000  
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  • Great Local Family Restaurant with Growing Sales and Real Estate!
    #5022
    Great Local Family Restaurant with Growing Sales and Real Estate!
    Annual Revenues:  
    $324,253
    Annual Adj. Net:  
    $42,029
    Square Feet:  
    2,350
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    Available
    $289,000
    Down Payment

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Established Profitable Restaurant & Saloon with Full Kitchen and lots of History!

Founded in 1862, this Restaurant & Saloon still has the authentic feel of the Old West, nestled in Heart of the Historic Uptown Area...situated in Lassen County with a Major Highway running right through town in front of the business.

This is a great community with lots of amenities, community college, history, recreation and beautiful scenery nearby. If your looking to get out of the traffic and congestion and still make a good living...this could be it. Reno Nevada is not far away either.

The interior has been Refurbished & Revitalized, yet retained the Rustic feel with a Beautiful 36' Long Bar and Very Cool Historic Back Bar featuring more than 500 local brands! The Large Family Friendly Dining room has some privacy from bar...with high ceilings and 2 large Skylight windows for natural light and cozy booths. There is also a large Hand painted Mural on the walls to add to the atmosphere. Seating capacity of 150 with room to expand!

Excellent Reviews on Yelp, Facebook and Trip Advisor.

Known as " The Place to Eat " the Menu is American style with Appealing & Affordable Appetizers, Salads & Soups, Sandwiches, Entrees & Upscale Pub Fare... customers really like the menu.

Includes a Type 47 Full Liquor license.

The Kitchen includes Ansul Hood System, Grill, Range, Fryers, Walk in Coolers, Prep tables... Pool Table, 3 station Aloha POS and much more.

Office and Full Basement with lots of storage and addition. Complete Prep room.

Nice Website and Facebook in place....very popular with locals & tourists!

Gross Sales 2016 at $1,549,282

Great Lease $2,750 at an estimated 4,900 sq.ft. plus 5,200sq.ft. basement

Great opportunity and Potential to make a good living for a good operator!

Reason to sell: Current partnership is pursuing other business ventures and moving out of the area.

SBA loan likely with buyer having 5 years or more of restaurant Ownership and/or Management experience and adequate financials.

All Buyers will need to provide proof of ability to purchase (fill out a simple one page profile and/or bank statement) upon request, for financials and further information.

Go to www.sellingrestaurants.com and search for listing 5001.

This is a Paramount Restaurant Brokers, Inc. listing.
Agent Scott Beaton DRE License #01853968
Listing Status:
In Contract
Price:
$450,000
Location:
Redding and Shasta Area
Last Year's Annual Gross:
$1,549,282
Last Year's Owner's Cash Flow:
$272,821
Lease Information:
Expires February 29, 2020 + 3 year option.
Total Monthly Rent:
$2,750.00
Liquor License:
47
Indoor Seating:
182
# of Full-Time Employees:
15
# of Part-Time Employees:
15
# of Working Owners:
2
Hours Open:
6 days winter
7 days Summer
11am-10pm
Year Established:
2012
Inside Sq. Ft.:
4900
Hood System Type 1:
Yes
Email:
Pass:

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DISCLAIMER: 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.


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