Semi-absentee Steakhouse Property 1031 Exchange

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Call Us:

Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Gardena: (714) 987-6147
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
8538 - Restaurants

Location:
Northern California - Northern California

Semi-absentee Steakhouse Property 1031 Exchange

Business Description:

1031 Exchange semi-absentee run $160K cash flow steakhouse seafood restaurant and 4K s.f. property on 1/2 acre land with an experienced crew for only $860K. Acquire a steadily growing business and enjoy the clean air of bucolic Clearlake, escaping from bustling life and yet close to SF Bay Area. Inherit the only steakhouse restaurant in town with high-margin ABC 47 sports bar, fully equipped kitchen, and a private banquet hall. Price includes a 4K s.f. recently renovated building on 1/2 acre land with a separate buildable parcel. SBA pre-approved. Highly motivated retiring seller. Must sell, won't last!


Asking Price: $860,000


Inventory (included):
$1,000

Real Property Available:
Yes

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Recast Earnings (Not Verified by Business Team)

12 Months Ended

12/31/2018

$662,974
(Sales)

$166,437
(Adjusted Cash Flow)

12 Months Ended

12/31/2017

$641,020
(Sales)

$147,120
(Adjusted Cash Flow)

12 Months Ended

12/31/2016

$649,254
(Sales)

$142,974
(Adjusted Cash Flow)

12 Months Ended

12/31/2015

$619,447
(Sales)

$152,739
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 7 2
Owners 0 2

Hours of Operation
M-F 11AM - 9PM; Sat 11AM - 9:30PM; Sun 9AM - 9 PM

Licenses Required:

  • ABC 47
  • Health
  • Food Handler
  • Biz Lic.

Lease

Monthly Rent Including NNN:
$3,500

Expires:

Option:
No

Size(sq.ft.):
4,161

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Retirement

Training:
2 weeks 20 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Gardena: (714) 987-6147
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.