businesses for sale


Oroville Restaurant and Lounge for sale

Location: Oroville, California

Category: Restaurants for sale

Asking price: $225,000.00

Description of the business for sale
Price reduced $25,000 for quick sale!

Restaurant and Lounge established 30 years. Three banquet rooms with separate kitchen facilities. Full bar in spacious lounge area with outdoor 'smoker' seating. Plenty of room to accomodate wedding parties, service clubs, reunions, or just about anything the area could generate. A few years ago this was the hottest spot in town. It could easily be again! Parking on site for 100 plus cars. This popular eatery is known for their steaks, seafood, and healthy salad bar. Current sales breakdown as follows; restaurant 75% and liquor 25%. Purchase price includes liquor license, all furniture, fixtures,equipment, and $15,000.00 worth of inventory. New lease negotiable. Phone: 916-536-4199/530-674-6368.

GROWTH: Plenty of room to expand.

COMPETITION: Excellent location with easy access to and from freeway. Parking on site for 100 plus autos.

ADDITIONAL FINANCIAL INFORMATION:
• Financing: Tbd.
• Inventory: $15,000.
• FF&E: $100,000.

REASONS FOR SELLING: Other interests after 30 years.

Support / Training provided by seller
Seller will train for one week if necessary during normal business hours. Not to exceed 40 hours Monday thru Friday.

Description of the facilities
Historic railroad depot approximnately 12,000 sqft houses this full service restaurant and lounge. It currently has 3 banquet rooms eash with full kichens and separate lounge.

  • By phone: 916-536-4199
  • Ask for: Jack G. McLeskey or Saralyn Austin

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Business details

Century 21 Select - Commercial Division
Citrus Heights, CA , CA
Broker Co-op? no

Listing Id: 82368
Reference Id: 2835 sbjm
Year established: 1976
Employees: 27

Asking Price: $225,000.00
Revenue: $929,677.00
Annual Net: Call/Email
Down Payment: Call/Email

Business Type:
Non Relocatable Business

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