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#4187
Redding Restaurants For Sale
Eureka Restaurants for Sale

Nearly New Restaurant & Bar with Hard Liquor w/Real Estate

$1,200,000
Nearly New Restaurant & Bar with Hard Liquor w/Real Estate
This Listing is Expired

This fantastic restaurant and bar is one of the only full service restaurants in the area with great sales, full liquor license and was built new last year!  One-of-a-kind design and appeal make this restaurant the easy favorite for residents in the region. This restaurant has all new equipment, fresh menu, and complete pride of ownership. Focusing on local ingredients and high quality food, this restaurant has been packed since they opened the doors. The owners are mostly absentee and have never owned a restaurant of this caliber. They are looking to hand the reigns to an experienced restaurant owner who can really make this restaurant be a cash cow as there is no direct competition!! They have not had under a $70,000 gross sales month since opening!

Full liquor license (type 47) with separate bar, seating for 90, great decor, outdoor patio with fireplace, and beautiful koi ponds in the front complete this unique restaurant opportunity! 3,300 sq ft building with an additional 1800 sq foot buildable pad already plumbed to add a banquet room which would be the only one for 30 miles!

A hands on owner could easily improve net profits as the current COGS is 46% and labor costs are 38%. This gem wont last long!

The sellers will be willing to carry a small 2nd and willing to sell just the business and lease the building and equipment to the new owner. Bring offers!

Please Visit SellingRestaurants dot com for more details including name and address. 

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Redding Restaurants For Sale
Eureka Restaurants for Sale
Lease Term:
Open
Total Monthly Rent:
$5,500

Financials

Last Year's Payroll Cost %:
38

Operations

Liquor License:
47
# of Full-Time Employees:
3
# of Part-Time Employees:
21
# of Family Employees:
3
Hours Open:
W-Sat 11am-9pm
Tues & Sun- 11am-8pm
Closed Mondays
Year Established:
2014
Hood System Type 1:
Yes

Facilities

Indoor Seating:
80
Outdoor Seating:
18
# of Parking Spots:
41
Inside Sq. Ft.:
3,468
Outside Sq. Ft.:
450
Total Building Sq. Ft.:

Highlights

  • Full Service Restaurant
  • Everything Built Out in 2013
  • Immediate Room for Improvement in costs
  • No direct competition in region!
  • Great for family operation
  • Located in beautiful country town with industry
  • Close to all outdoor activities!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
20%

Demographics

Population 5-mi
2014 Total Population 7,458
Households 5-mi
2010 Number Of Households 3,355
2010 Persons Per Household 2.12
Median House Value $308,900
Income Per Household $44,692
Businesses 5-mi
2009 Number Of Businesses 307
2012 Number Of Employees 4,784
2012 Total Annual Payroll $71,825,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.

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