Upscale Restaurant & Bar, SBA Approved

Asking Price$899,000

Cash Flow
$490,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,000,000

Inventory$25,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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Upscale Restaurant & Bar, SBA Approved


Asking Price$899,000

Cash Flow
$490,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,000,000

Inventory$25,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Upscale Restaurant & Bar with high volume sales, SBA Approved.
A very successful, upscale restaurant and bar known for its unique menu was established in 2022 and has experienced a consistent increase in revenue since then. The beautifully decorated establishment is in a diverse and affluent town in San Joaquin County, California, near Highway 5 and wine country, making it an attractive destination for a high-end clientele. The area experiences high foot and vehicle traffic, further adding to its appeal. The menu features flavors from the Mediterranean, Southeast Asia, Europe, and the United Kingdom, complemented by high-end wines and hand crafted cocktails. The bar is known for its craft cocktails as they make everything from scratch from syrups to fresh juices. The restaurant caters to group dining and hosts events like wine pairing, scotch and tequila tasting, special Thanksgiving meals, etc. This is not to forget group dining for holiday parties, corporate gatherings, and special occasions like birthdays and weddings. The business occupies two stories, with a full-service bar and dining area on the main floor and a private dining area, upstairs balcony, and office on the second floor. The building also has a residential unit that can be converted into a banquet room or used as a residential quarter for the new owner. PRINCIPALS ONLY !

Listing Details;
* Total building square foot: 6,846
* Restaurant space: 5,983 square feet | Residential studio: 863 square feet, can be rented separately.
* Lease: 10 years with options to renew
* Rent: 5983 x 2.60 = $15,556 monthly (4% yearly increase) plus triple net charges of $1,735 monthly. Total rent: $17,291; this is all-inclusive.
* Seating capacity: Main-level dining room, 60; Lounge, 60; Bar, 20; patio 20, | Upper-level private dining room & patio 40.
* License & permits: Type 47 liquor, health, and business licenses. All transferable.
* Employees: 12 full-time, 6 part-time
* Hours: 11 am–9 pm, Seven (7) days a week.
* Parking: Street and parking lots
* Reason for sale: Retirement

Revenue:
For revenue and financial details, qualified prospects can contact the listing broker with pre-qualification and proof of funds. Upon verification of these documents, the broker will provide the necessary financial information.

Financing:
All Cash. Additionally, it's SBA Approved.

The Seller has provided all the information in the offering memorandum, but MS Real Estate Inc., the listing broker, has yet to verify it for accuracy or completeness. Therefore, it is the responsibility of both the Sellers and Purchasers to verify the information themselves. MS Real Estate Inc. strongly recommends that you seek the help of legal and financial advisors to help you with this process.

The NDA and Buyer Profile forms are attached below. Both forms must be completed to initiate the process. Once these forms are submitted, the listing broker will contact you to discuss the next steps. There are no exceptions. PRINCIPALS ONLY!
About the Business
Years in Operation
3
Number of Employees
12
Facilities & Assets
The Type 47 liquor license, several freezers, refrigerators, and various furniture and fixtures are included in the sale, adding to the overall value of this opportunity.
Market Outlook / Competition
The restaurant boasts a unique concept, setting it apart from the competition in the area. It's the perfect spot for a night out with family and friends, offering a diverse menu and a welcoming atmosphere that is sure to bring something unique to the table.
Opportunities for Growth
The restaurant is ripe with numerous growth opportunities within the community. With a thriving local economy and a growing population, the potential for expansion is promising and inspiring.
About the Sale
Seller Motivation
Retirement
Transition Support
To be determined.
Listing Info
ID
2296897
Listing Views
2207
Attached DocumentsAttachment Disclaimer

Buyer_Confidentiality_Agreement_NDA_.pdf

Buyer_Profile.pdf


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Business Listed by: Manjit Singh MS Real Estate Inc

Listing ID: 2296897 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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