Great Profitable Steakhouse And Saloon

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Great Profitable Steakhouse And Saloon
Asking Price:
$599,000

Gross Revenue:
$1,150,000
Cash Flow:
$80
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$400
included in asking price

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Business Description

Well known, great food, and very profitable. This is a steakhouse and bar that is a great investment opportunity for some one who wants to be involved or an absentee owner. This is a corporate share sale which includes the land, building, business, and liquor license. The building consists of 2,752 square feet of space with a lot size of 4,792 square feet. Plenty of parking available. It's the go-to restaurant in the area and has a large and loyal clientele and a pleasant surprise for tourists that stop off along the way. Two formal dining areas (great for gatherings, graduations, parties, etc.) and a separate saloon. Wrap around outdoor porch with plenty of seating and a back storage area and garage with an extra bathroom. Previously used as an apartment. Both the saloon and restaurant serve outstanding food and stiff cocktails. Great stopping point on your way to Sonora, Twain Harte and Dodge Ridge ski resort. Right on Main Street off the highway which makes for easy access for tourists and locals. 10 min side trip from Yosemite Junction. En-route to Pinecrest, Kennedy Meadows and many areas for golfing, boating, hiking, camping, and outdoor activities. This historic gold country town is known for antiquing and is home to the Railtown 1897 State Historic Park.
This is such a rare opportunity. Great investment for out of town owners or people with vacation homes. Don't let this gem get away! And you own the building and land! No rent or landlord!

About the Business

Year Established:
1900
Number of Employees:
8
Real Estate:
Owned
Building Sq. Ft.:
2,752
Facilities:
The building consists of 2752 square feet of space with a lot size of 4792 square feet. The business was established in 1862. The current owners have owned it since 1992. Plenty of parking available. Its the best restaurant in the area and has a large cliental. Two formal dinning areas and separate saloon. Great food and great cocktails available in both the dinning areas and the saloon. Fantastic old west decor and on the way to many favorite tourist activity and camping areas.
Market Outlook/
Competition:
This is a favorite and tradition for both locals and tourists. Only restaurant/saloon of its kind in the area.
Growth & Expansion:
Fabulous food and stiff cocktails are served here and the saloon runs daily drink specials and theme nights. Different events and specials could be added.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
This can be an absentee run business and it is currently running with a talented staff and famous chef.
Seller Financing:
Not Available

Listing Info

ID:
1545478
Ad Detail Views:
692

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Business Listed by

Cheryl Maloney

Vanguard Properties
License# 01966668

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U.S. Census Data for Tuolumne County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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