Semi-absentee Steakhouse 1031 Ex Airbnb Possibilities SBA Approved

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Asking Price:
$860,000

Gross Revenue:
$662,974
Cash Flow:
$166,437
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$480,000
included in asking price

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Business Description

1031 Exchange semi-absentee run $160K cash flow steakhouse seafood restaurant and 4K s.f. property on 1/2 acre land with an experienced crew for only $860K. Acquire a steadily growing business and enjoy the clean air of bucolic Clearlake, escaping from bustling life and yet close to SF Bay Area. Inherit the only steakhouse restaurant in town with high-margin ABC 47 sports bar, fully equipped kitchen, and a private banquet hall. Price includes a 4K s.f. recently renovated building on 1/2 acre land with a separate buildable parcel. Airbnb build-out possibilities. SBA pre-approved. Major investment group moving in town to build hotel for tourists. Explosive growth potential!

About the Business

Location:
Clearlake, California
Year Established:
1979
Number of Employees:
7
Real Estate:
Owned
Building Sq. Ft.:
4,161
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About the Sale

Reason For Selling:
Retirement

Listing Info

ID:
1435926
Ad Detail Views:
796

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Business Listed by

Michael Floorman

BTI Group Inc.
License# 01160661

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