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Listed by:

BTI Group

Broker license number: 01160661

Semi Absentee Restaurant In Clearlake For Sale

Clearlake, California - North
Asking Price:
$860,000 (USD) Inventory / Stock included
Sales Revenue:
$662,974 (USD)
Cash Flow:
$166,437 (USD)

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. Airbnb build-out possibilities. SBA pre-approved. Major investment group moving in town to build hotel for tourists. Explosive growth potential!

Property information

Real Estate:

Real Property Included

Location:

Clearlake, CA

Premises Details:

Recently renovated

Business Operation

Expansion Potential:

Investment group moving in town to build a large hotel. Explosive growth potential. 2 parcel of land with a parcel being used for parking only.

Competition / Market:

only steakhouse restaurant in town with a large banquet hall

Reasons for selling:

Retirement

Trading hours:

11-9 M-Sat
9-9 Sun

Employees:
7 FT, 8 PT
Years established:
1979

Other Information

Support & training:

2 weeks, 20 hrs/wk

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

SBA pre-approved. Seller financing if needed.

Inventory / Stock value:
$1,000 (USD) - included in the asking price

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