MergerPlace

Semi-absentee Restaurant & Property 1031

California (Lake)


  • Asking Price: $860,000
  • Gross Income: $662,974
  • Cash Flow: $166,437
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #212772
  • Established: Not Disclosed
  • Employees:

Business Description

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!


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: California
County: Lake

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $860,000
Gross Revenue: $662,974
Cash Flow: $166,437
Seller Financing Available: Yes

Contact Business Seller

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Business Listed By:

Michael Floorman

Business Team