Restaurant with Banquet Hall

Restaurant with Banquet Hall

Available

$250,000.00

Listing Number :

 3774

Status :

Expired

Price :

$250000

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Area

10,000

Description

Well established Restaurant, Bar with Banquet Hall in one of the most desirable downtown locations in Tri -Valley. This is a 10,000 sq,ft, Facility with 2 Restaurants, 2 kitchens and Bar with sufficient parking. Additional outside banquet facility for 150+ people with full bar. Seller claims average sales over $150,000/month. Base Rent is $15,000/m plus NNN. All staff is in place including chef, manager and event coordinator. 10 years lease left on current lease.  Current concept is American Food with high end Restaurant and Bar New owner has option to keep the same concept or convert to new concept. Huge potential to increase Revenue by promoting Banquet Facility. Motivated Seller.

This is an Asset Sale! 
#3774
Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Restaurant, Bar & Banquet Hall
License(s) Required: Business, Health, ABC
Hours of Operation:
Business Relocatable: N/A
Business Is A Franchise: N/A
Home Based: N/A
Broker To Broker CoOp:  No
Office Listing Number: 3774
Date Available: 9/5/2019
Reason For Sale: Other Interest.
Annual Total Revenue: 1,800,000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 15,000/m
Lease Expires: 2029
Lease Option:
NNN:
 
Financing Information
Down Payment: 250,000
Owner Will Carry:
Other Finance Terms:

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