$100k Down, Bar/Restaurant/Patio/Brewery & Exquisite Boutique 5 Room Hotel – Downtown San Luis Obispo

RRC# 5085
Location: San Luis Obispo County

Description:
$100,000 Down. Seller will carry the balance of $900,000 for 2 years on a sublease, converted to a new lease within 24 months with the paid balance, possibly via SBA finance. In the Heart of Southern California’s Wine Country between Paso Robles and Santa Barbara sits San Luis Obispo. A beautiful region, close to the ocean, wine country & the city of San Francisco. For sale is a well-established 5,000+ sq ft Bar & Restaurant with a valuable ABC Type 75 Brew Pub License giving the ability to sell hard liquor, 1,000 sq ft Mezzanine private dinner space, small brew room and 2,200 sq ft Patio overlooking the Creek. Bar/Restaurant seats 120, private dinner space seats 50 & the patio seating an additional 100 & 5 large beautifully decorated hotel rooms obtaining $500 per night each for an additional 5,000+ sq ft. Total usable space of 17,986 square feet.
Currently $1.5 million total annual sales revenue with 50% coming from hotel revenue and the bar/restaurant being open only 3 evenings per week. The Bar and Restaurant is fully renovated and the kitchen, turnkey. A new owner should be able to take this business to $5+million in annual revenues with a strong operator and consistent opening hours.
This is a highly confidential sale and all potential Buyers will need to provide their background restaurant/business experience and financial status to the Broker.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail. No Broker Coop.


Financial Information:
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info

General Info:
Ownership: LLC
Established: 1988
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: $43,000 - Negotiable
Expiration: 12/31/2028 plus 5 year option - Negotiable

Facilities:
Square Feet: Contact for Info
Seating: 270
Parking: Street and Public Parking
Licenses: Contact for Info
Days/Hours of Operation: 5.00pm 10.00pm Thursday - Saturday ONLY