Listing ID: 77077
Beautiful restaurant with a full bar with a Type-47 full liquor license in Santa Rosa for sale. Restaurant features several dining areas to accommodate small intimate diners as well as large parties and private dining. The bar offers another separate dining experience with a mix of highboys and dining nooks. State-of-art kitchen features a 15’-0” Type-1 hood with equipment to execute on most any menu that a chef might bring, as the name, brand, menu, recipes and concept are not included in the sale A second cook line with a Type-2 hood and 3 pizza decks is set up for efficient workflow. Back of the house has a dedicated ware-washing area, prep area, large dry storage room and large walk-in refrigerator. The premise features a back entrance/receiving door that is convenient for robust take-out service.
-The restaurant and bar are 5,950 square feet (approx.) with a total occupancy of 179 (approx.) and includes a private dining area with occupancy for 25 and outside patio dining with seating for 16
-Rent is $15,000 (approx.) monthly. Landlord will work with a qualified buyer to secure agreeable lease terms.
-Restaurant equipment includes: 15-0” Type-1 exhaust hood with water spigot, two Montague 6-burner stoves, two double basket deep fryers and a small flattop. 14-0” Type-2 exhaust hood with 3 pizza decks. 11’ X 17’ (approx.) walk-in refrigerator with speedracks and coated metro shelving. Facility is equipped health department-required sinks: triple sink; multiple hand washing sinks; dump sink; prep sink; mop sink closet
-Premise is licensed with a Type-47 Full Liquor License
PRICE INCLUDES: Furniture, fixtures and equipment, leasehold interest, leasehold improvements, and goodwill. Brand, DBA, menu, recipes and concept are not included in the sale and some personal items may also be excluded.
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers regarding this information.
- Asking Price: $450,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. However, the true reason and the one they say to you might be 2 entirely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or a range of various other reasons. This is why it is very vital that you not count absolutely on a seller's word, however rather, utilize the vendor's answer combined with your total due diligence. This will paint an extra reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that revenue margins are too small. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new clients? Often times, companies have repeat customers, which form the core of their daily revenues. Specific aspects such as new competition sprouting up around the location, roadway construction, as well as personnel turnover can impact repeat clients as well as adversely affect future incomes. One crucial point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the regional mean family income influence future earnings potential?