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Listed by:

Transworld Business Advisors

Restaurant And Bar In Modesto For Sale

Modesto, California - North
Asking Price:
$780,000 (USD)
Sales Revenue:
$1,621,330 (USD)
Cash Flow:
$325,000 (USD)

This very well-known restaurant has been a fixture in the area for almost 40 years. It enjoys a strong, loyal clientele, and a fantastic location on a major Modesto street with heavy traffic flow. Restaurant is a 24-hour operation with strong positive cash flow and community image. There are many loyal patrons that consider this a home away from home and a great place to regularly congregate. All the delicious menu options, including seniors only cuisine, are offered anytime day or night. The attached bar and lounge offers an independent revenue stream with a friendly knowledgeable staff entertaining special events and weekly karaoke fun for friendly gatherings.

The restaurant has a long-standing clientele and is a favorite meeting place for groups needing space that will support large meetings. The current owner has an incredible 122 group events already scheduled for the 2019 calendar year.

The staff includes three chefs with over 20 years at the restaurant, plus a seasoned (10+ year) front of house staff with similarly tenured lounge staff. All current staff will remain in place with the exception of the current owner.

The fully renovated dining experience includes a state of the art monitoring system, allowing all aspects of the operation to be visible from the management office. The interior has undergone a complete facelift, and the landlord has initiated a 3-million-dollar modernization project for the center. Restaurant capacity is 200 concurrent guests with an additional capacity of 49 in the bar and lounge.

This is a turnkey opportunity with everything in place to continue a great tradition and a chance to benefit from the owner’s retirement. All that is needed is you. Own that special place you have always wanted and keep the success going.

Business Operation

Reasons for selling:

commute too far

Trading hours:

24/7

Employees:
31
Years established:
1980

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