Nostalgic Restaurant and Bar

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Profitable American Style Restaurant & Bar
Asking Price:
$672,000

Gross Revenue:
$1,621,330
Cash Flow:
$325,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This traditional American style restaurant is one of the more well-known diners in Modesto CA and has been a fixture in the area for decades. It enjoys a strong, loyal clientele, and a fantastic location on a major Modesto street with heavy traffic flow. Restaurant has a strong cash flow and has not hit the ceiling of it's revenue potential. There are many loyal patrons that consider this a home away from home and a great place to regularly congregate. The attached bar and lounge offers an independent revenue stream with a friendly knowledgeable staff entertaining special events and weekly karaoke fun for friendly gatherings.

With a spacious back room for group events, this restaurant has built a clientele of businesses and groups that book this area well in advance to host their gatherings for whatever the occasion may be. The current owner has an incredible 122 group events already scheduled for the 2019 calendar year, and is continuing to fill events for the rest of the calendar.

The restaurant went through a $100K internal renovation in 2018, giving it a wonderful new feel to the atmosphere. The interior has undergone a complete face-lift, and the landlord has initiated a three-million dollar modernization project for the center. Restaurant capacity is 200 concurrent guests with an additional capacity of 49 in the bar and lounge.

The reason for selling is due to the commute. The owner feels that they live too far away to be conducive to a quality family life. This turnkey business is a fantastic opportunity, and all that is needed is you.

About the Business

Location:
Stanislaus County, California
Year Established:
1980
Number of Employees:
25
Real Estate:
Leased
Building Sq. Ft.:
6,000
Rent:
$10,000.00 Per Month
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About the Sale

Reason For Selling:
commute is too far

Listing Info

ID:
1599287
Ad Detail Views:
0

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Business Listed by

Andrew Dean

Transworld Business Advisors of Tri-Valley
License# 02085832

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Sponsoring Broker:

Jay Grover
Transworld Business Advisors of Tri-Valley
License# 02080319


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