Historic Restaurant & Bar with Great Contract opportunity

RRC#:5093
Offered at $125,000
Location: Tuolumne County
Annual Revenue: $488,384.00
Annual Cash Flow: Contact for Info
Monthly Rent:3% of Grose sale or $9000 a year for the next 7 Years.

Description:

Great opportunity to become the owner and part of history of the City Hotel Restaurant and What Cheer Saloon. Established in the 1850s in Columbia, California, has been lovingly restored and revitalized over the years, evolving into a beloved Columbia State Historic Park centerpiece.

As Columbia’s only establishment with a full bar, it offers expertly crafted cocktails, fine wines, and local brews in an atmosphere rich with character. The diverse menu includes everything from freshly prepared salads and soups to delicious burgers, steaks, and weekly specials—all served in the welcoming dining room or the relaxed ambiance of the What Cheer Saloon.

The Restaurant and the Saloon received 5 Readers Choice awards in 2023, Best Local Restaurant, Best Lunch Place, Best Dinner, Best Happy Hour and Best Hamburger.

This is a unique opportunity to own a piece of history. The restaurant is currently owned by a coop of local investors. This is a perfect opportunity for a chef or a couple to put their mark on the history of the restaurant.

The restaurant’s most valuable feature is the Concession Contract with the California State Park. The lease locked in for 3% of Grose sale or $9000 a year for the next 7 Years.

Please complete the ‘Non-Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail.