Advert Ref: 5142

Bar And Grill In Great Location For Sale

  • Petaluma, California - North
Asking price:
$249,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

Bar and Grill with Type-47 full liquor and Type-58 catering license for sale in a great location with bar seating, dining room seating and an outdoor patio. Kitchen is fully equipped with a Type-1 hood and 23’ X 6’ walk-in refrigerator. Premise offers ample on-site parking and is located in a high-traffic area for residents, tourists and commuters. Pre-Covid, the owner was semi-absentee, and many employees plan to return after restrictions are lifted. This is a great turnkey business for someone looking to purchase their first bar or an operator looking for another location.

Additional details:

-Bar and Grill is 2,200 square feet (approx.) with an occupancy of 40 (approx.) in the dining room; 22 in the bar and 24 on the outside patio. 12 more outside seats have been added during Covid Restrictions

-Rent is $3,100 monthly plus the fire insurance for the premise. Current term expires April 30, 2021 with one, 5-year option. Landlord will negotiate a new lease with a qualified Buyer.

-Kitchen features an 8’-0” Type-1 hood; 6 burner stove with oven; sandwich prep station; flat-top grill; double basket fryer; 2 compartment sink with drainboards and dishwasher, hand sinks, large capacity ice machine and more

-Established in 2002, the restaurant is open for lunch and dinner 7 days a week under normal, pre-Covid conditions: Tuesday - Thursday 11am - 10pm; Friday - Saturday 11am- between 12am and 2am; and Sunday - Monday 11am - 5 pm

-Owner is semi-absentee (approx.) with 1 manager/server, a chef and 11 part-time employees. Many employees have worked at the Bar & Grill for over 17 years.

-Inventory valued at $5,000 (approx.) is not included in the purchase price and is available for buyer to purchase.

-Premise is licensed with an ABC Type-47 full liquor license and a Type 58 Catering License are included in the sale

Price includes: Furniture, fixtures & equipment brand, name, recipes/menu, training, leasehold interest, leasehold, goodwill & improvements. Some personal items are 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 with regard to this information.

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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