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Northern Californian Lounge Restaurant In Fast Growing City - SC2212
Northern Californian Lounge Restaurant In Fast Growing City - SC2212
Asking Price: $321,000
Cash Flow: On request
Gross Revenue: $375,000
Down Payment: $321,000
This Northern California based Lounge Restaurant is a Californian Sub-Chapter S Corporation and was formed 1 year ago under the founding leadership. Open 5 days a week and located downtown in a vibrant fast growing Northern California city, this business thrives by providing beer, wine, and an amazing curtailed menu of soups, salads, starter, paninis and flatbreads. They offer live music once per week and are a kid and dog friendly environment. This location is BRAND NEW…only in operation for just under 1 year. They have a Type 41 ABC Liquor License with seating of 55 seats (maximum 75).
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established: 2024
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Part-Time Employees: 5
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $6,000
Monthly Rent: $3,553
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1600
FF&E Included?: Yes
FF&E Value: $100,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Market Outlook/Competition
The U.S. wine market size was estimated at $81.33 Billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030. Wine sales have surged across the U.S. owing to innovation in its flavor, color, and packaging. Beyond the classic wines, niche markets and emerging wine regions are gaining prominence.
CA 02282967
NV B.1003039.LLC
NV BUSB.0007191
Listed By: Lerma Guevarra
Background information
Reference:
SC2212
Year established:
2024
Reason selling:
The reason for selling is Seller would like to pursue other interests.
Finance
Sales:
$375,000
Operations
Employees:
Part-Time Employees: 5 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $100,000
Inventory:
Inventory Included: Yes Inventory Value: $6,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $100,000
Premises
Facility:
Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 1600 FF&E Included?: Yes FF&E Value: $100,000
Square footage:
1600
Rent and lease terms:
Monthly Rent: $3,553
Location:
Business Location City: Northern California State: California
Opportunities
Growth:
Wine sales have surged across the U.S. owing to innovation in its flavor, color, and packaging. Beyond the classic wines, niche markets and emerging wine regions are gaining prominence.
Market:
The U.S. wine market size was estimated at $81.33 Billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030. Wine sales have surged across the U.S. owing to innovation in its flavor, color, and packaging. Beyond the classic wines, niche markets and emerging wine regions are gaining prominence.
Price and terms
Price:
$321,000
Down payment:
$321,000
Financing:
Seller financing is not available at this time.
Training:
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.