Advert Ref: 5094-RL

Beautiful Restaurant And Lounge With A Type 47 For Sale

  • Solano County, California
Asking price:
$129,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

The restaurant and lounge is located in the historic downtown of Vacaville and is located directly across from the Theatre Deville which has recently reopened under new ownership and offers ample opportunity for expanded revenue. The interior features gorgeous wood floor and tile, sweeping expanded ceilings with large skylights that create a dynamic and well-lit space. There is a banquet room with an occupancy of 40 that allows for private celebrations or VIP dining. There is ample storage for wine and spirits, an upstairs office with an employee bathroom. Originally built as a post office in the international/art deco style, the building has large front windows and is centrally located with ample onsite and street parking.


ADDITIONAL DETAILS:

-The restaurant is 4,000 square feet (approx.) with indoor occupancy of 160 (approx.) outdoor patio for 40 (approx.) is fenced off and permitted to serve alcohol. Lessee has access to a large basement (approx. 2000 sq.ft.) for equipment storage

-Rent is $7,400 (approx.). Current term expires July 31, 2022 with one 5-year option. Landlord will work with qualified buyer on new lease terms.

-Restaurant equipment includes two 19’-6” (approx.) Type-1 Hood; 2 double basket fryers; US 6-burner range with 36” flattop and two ovens; 36” charbroiler; Double basket deep fryer; multiple reach-in freezers; 10’ X 7’ (approx.) walk-in refrigerator; Hoshizaki ice machine; triple sink; dishwasher; two compartment sink; hand washing sinks; mop sink and more

-Current owner since Aug. 2018.

-Restaurant operates 3-4 days/week: Thursday-Sunday 9am-3pm. Lounge is open Friday & Saturday 9pm-2am.

-Owner is onsite infrequently as health forces sale. There are currently 10 p/t employees

-Premised is licensed with a Type 47 full liquor license

Price Includes: Furniture, fixtures and equipment, training period, leasehold interest, leasehold improvements, and goodwill. Some personal items may be excluded from the sale. Inventory valued at approximately 8-10K is not included in the sale and is available for Buyer to purchase at wholesale cost

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
Lease terms:
Rent is $7,400 (approx.). Current term expires July 31, 2022 with one 5-year option. Landlord will work with qualified buyer on new lease terms.
Size in square feet:
NaN

Reasons for selling:
Health forces sale
Trading hours:
Restaurant operates 3-4 days/week: Thursday-Sunday 9am-3pm. Lounge is open Friday & Saturday 9pm-2am.
Employees:
10 p/t

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:
Seller will consider financing with qualified buyer
Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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