Nostalgic Restaurant and Bar

Listing Number: 16754-274297

Description

This traditional American style restaurant is one of the more well-known diners in Modesto CA and has been a fixture in the area for decades. It enjoys a strong, loyal clientele, and a fantastic location on a major Modesto street with heavy traffic flow. Restaurant has a strong cash flow and has not hit the ceiling of it's revenue potential. There are many loyal patrons that consider this a home away from home and a great place to regularly congregate. 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.

With a spacious back room for group events, this restaurant has built a clientele of businesses and groups that book this area well in advance to host their gatherings for whatever the occasion may be. The current owner has an incredible 122 group events already scheduled for the 2019 calendar year, and is continuing to fill events for the rest of the calendar.

The restaurant went through a $100K internal renovation in 2018, giving it a wonderful new feel to the atmosphere. The interior has undergone a complete face-lift, and the landlord has initiated a three-million dollar modernization project for the center. Restaurant capacity is 200 concurrent guests with an additional capacity of 49 in the bar and lounge.

The owner is selling due to the commute and is looking to focus more on their family. This turnkey business is a fantastic opportunity, and all that is needed is you.

Listing Details

  • Price: $672,000
  • Down Payment: TBD
  • Sellers Discretionary Earnings: $325,000
  • Total Sales: $1,621,330
  • Location: Stanislaus County, California

  • Inventory: $0
  • FF&E: $0
  • Employees: 25
  • Year Established: 1980
  • Reason for Selling: Commute is too far
  • Category: Restaurants
Nostalgic Restaurant and Bar

Business Listed By:

Andrew Dean