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Business to Buy

featuredbusforsale

N Calif Steakhouse

Angels Camp, California
STEAKHOUSE IN CALIFORNIA'S GOLD COUNTRY
BTI # 8430
This Northern California full service dinner house located in the heart of the Gold Country has been in business since 1979 (+37 years!). It has easy access to popular tourist destinations such as Yosemite National Park, local wineries and historic Mother Lode towns. The population for the town is small but it serves as the county seat so the restaurant draws on the surrounding county population and the tourist trade. The property has its own water supply system and the owner recently replaced the roof, repaired the parking lot and painted the building. The seller owns the real estate and will write a favorable lease along with selling the business he may offer a term lease to a qualified buyer with a base rent between $1.05 and $1.50 sq. ft. plus NNN depending on the offer he receives. The seller is motivated and will carry a five year note for a qualified buyer with a 50% down payment. They are only open for dinner service five days a week and a buyer could expand the hours to include lunch. This is a life style business for a buyer who enjoys the small town atmosphere and the surrounding outdoor recreation offered by the area.
Sales: $608,248 Purchase Price: $250,000 Down Payment: $125,000
Annualized Cash Flow: $64,194 as of Jun 2016
from Seller Provided P&L
Rent: $3,360 + NNN Bldg Size (Sq Ft) 3,200 Lease Exp: N/A
will need new lease
Employees: FT 2 PT 11 Owners: FT 1 PT 0
Reason For Sale: Retirement
Hours: Tuesday - Saturday 3:00 - 9:30
image image

Financials

Price: $250,000
Gross Income: $608,248
Cash Flow: $64,194
FFE: $25,000
Inventory: $15,000
Real Estate Value: $0

About the Business

Office Reference ID: #8430
Year Established: 1979
Financing: 5 years @ 6.0% with 50% down payment
Training: 2 weeks for 40 hours per week
Facilities: Rent: $3,360 + NNN Bldg Size (Sq Ft) 3,200 Lease Exp: N/A will need new lease
Competition:
Growth:
Business Listed By
Name: Michael Floorman
Company: BTI Group / Business Team
Phone: 408-246-1102

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