Restaurant & Bar Listing ID: 789 Location: MDR, California
Brief: This business opportunity has sold and is no longer available.
Listed Price: $1,875,000
Total Revenue: $1,720,000
Seller's Discretionary Earnings: $295,000
Fixtures Furniture, & Equipment: $335,000
Real Estate: $1,150,000
Inventory: $27,500
Financing / Terms: 550,000 Down
Business Information
Year Established: 1983
Number of Employees: 21
Days and Hours of Operation: Tues - Sunday; 11:00am - 11:00pm
Relocatable: No
Franchise Information: N/A
Facilities / Location: Waterfront property within marina.
Lease Information
Lease Expiration Date: N/A
Option: N/A
Monthly Rent: $7,100
Additional Information
Reason for Selling: Retirement.
Business Description: Rare opportunity to own a landmark restaurant and bar including waterfront property. Regular clientele and favorite spot for visitors. Menu is moderatley priced. Sales are approx. 60% food and 40% bar. Owner works part-time. Long-term employees run restaurant in owner''s absence.
Potential for Growth: Can expand business by catering by providing accessibility to customers by boat.
