Golf Course Food & Beverage Operation For Sale

Business description

Food & Beverage Operation (restaurant, Bar & Banquet Facilities) At Golf Course With $225,000 Profit

RRC# 1546
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Offered at: $299,000
Location: Contra Costa County, Conta Costa County, California
Revenue:$91,700 / month
Cash Flow: 18, 750
Rent: 6% of sales

Listing Description
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This is a unique opportunity to purchase the food and beverage facilities with a long term lease at a well known golf course in Contra Costa County. The facilities overlook rolling hills and have breathtaking views and consist of a bar and cocktail lounge, restaurant with its own dance floor, snack bar, large outdoor seating area and banquet rooms accommodating as few as 30 guests to as many as 250 guests. There is also a mission style clubhouse and picturesque wedding site. A large percentage of the sales are generated from banquet sales which are very profitable. There is upside to convert the restaurant to a sports bar or other themed destination bound restaurant. Some of the equipment includes as follows: 20' and 11' type 1 hoods with fire suppression systems, 3 ice machines, warming oven for plates, 2 full door refrigerator, 4 and 7 compartment steam tables, 4 - 6 burner (24 burners total) tops over 4 ovens, 2 - 3' flat grills over ovens, 2 -3' char grills, 2 refrigerator drawers, 2 - 3 door under counter refrigerators (1 with sandwich station), convection oven, counter mixer, steamer, 3 utility sinks, 3 hand sinks, 2 dishwashers, 3 - 2 compartment sinks, 2 single sinks + rinse hoses, slicer, 2 walk in refrigerators, 2 walk in freezers, double basket fryer, 3 -2 door under counter refrigerators (1 with sandwich station), 2 - 3 compartment sinks, 2 cash registers, full door glass refrigerator, 1 door under counter refrigerator, ice bin, 6 taps, hot dog warmer, 2 door under counter refrigerator, 7' beer box and 4 flat screen TV's (2 large and 2 smaller), etc. There are also restrooms, offices, a brides changing room and several storage areas. The unique feature on the premises lease is that there is no minimum rent so the rent never exceeds 6% of net sales (sales after sales tax). Yearly sales are $1.1 million including service charges.

General Information:
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Organization:Corporation
Year Established: Contact For Info
Current Owner: Contact For Info
# of Employees: Contact For Info
Seating: Banquet Rooms 100 & 200 patio 50 Restaurant/Bar 60+
Square Foot/Size: 10,000+
Parking: Parking lot
Licenses Required: Business, ABC Type 47 (hard liquor)
Days Open/Hours: Daily per the hours of the golf course or longer
Reason For Sale: Other interests

Financial Information
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Revenue: $91,700 / month
Cash Flow: 18, 750
Inventory: Contact For Info
Payroll: Contact For Info

Lease Information
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Lease Rent: 6% of sales
Lease Expiration: 12/31/2013
Yearly Adjustment: Not Available
Lease Option: 2 Five Year Options
Security Deposit: Not Available

Financing Information
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Down Payment: Contact For Info
All Cash: Contact For Info
Note Balance: Contact For Info
Rate/Term of Note: Contact For Info


Please click on the Contact Seller button below for further information.

Property information