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Fort Bragg Restaurant/bar With Real Estate Option

Fort Bragg, California : Restaurants
Listing #3004

Fort Bragg Restaurant/bar With Real Estate Option To Buy Adjacent House RRC#: 3004 Asking Price: $695,000 Location: 24300 CA-1, Fort Bragg, California Yearly Revenue: $426,000 Yearly Cash Flow: $56,400 Monthly Rent: Contact For Info LISTING DESCRIPTION: This is an opportunity to purchase a restaurant/bar, along with the associated building and real estate, in Fort Bragg. The business is called The Purple Rose, and it is a longtime favorite of both Fort Bragg locals and visitors to the area. This family-friendly restaurant has been in operation for more than 30 years, and serves Tex-Mex style food along with a full bar - they're known for their margaritas. The location includes a cantina area and an outdoor patio. It seats 75 inside and 25 outside. The parking can accommodate 100 cars. Currently, the Purple Rose is open from 5:00pm - 9:00 p.m. six days per week. There is the potential to significantly increase sales by expanding the hours of operation to include breakfast, lunch, and a later closing time on the weekends. The current owner of the restaurant is not a chef, and there may be opportunities to increase sales by updating the menu. The following equipment is included:one six-burner stove and one four burner- stove (both with an oven), one fryer, two one-door reach-in refrigerators, one reach-in refrigerator with seven glass doors, one walk-in refrigerator, one prep station, one type-one hood, a dry storage area, and two restrooms. The Purple Rose sits on a 3/4 acre of land that is 2 blocks from the Pacific Ocean. The building is 2500 square feet, and the property has its own private well. The business and its real estate must be purchased as a package there is also the option to purchase the house adjacent to the property the business sits on. The house is a 3-bedroom, 2-bath, 1500 square foot single-story home is listed for 395,000. It sits on a 1/2 acre lot. Like The Purple Rose, it is two blocks from the Pacific Ocean. The combination of the business and its associated real estate, along with the house next door, presents a unique opportunity for a buyer interested in making a lifestyle change that includes the world's shortest commute. GENERAL INFORMATION: Organization: Sole Proprietorship | Year Established: 1985 | Current Owner: 1985 | Seating: 75 inside and 25 outside | Square Footage: Building 2500, Lot 30,492 | Parking: Parking Lot | Licenses Required: ABC Type 47, Health and Business | Days Open/Hours: 5pm-9pm Tuesday-Sunday | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $426,000 | Yearly Cash Flow: $56,400 |

Asking Price:

$695,000

Gross Income:

$426,000

(last 12 months)
Cash Flow:

$56,400

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Fort Bragg Restaurant/bar With Real Estate Option To Buy Adjacent House

RRC#: 3004
Asking Price: $695,000
Location: 24300 CA-1, Fort Bragg, California
Yearly Revenue: $426,000
Yearly Cash Flow: $56,400
Monthly Rent: Contact For Info

LISTING DESCRIPTION:
This is an opportunity to purchase a restaurant/bar, along with the associated building and real estate, in Fort Bragg. The business is called The Purple Rose, and it is a longtime favorite of both Fort Bragg locals and visitors to the area. This family-friendly restaurant has been in operation for more than 30 years, and serves Tex-Mex style food along with a full bar - they're known for their margaritas. The location includes a cantina area and an outdoor patio. It seats 75 inside and 25 outside. The parking can accommodate 100 cars. Currently, the Purple Rose is open from 5:00pm - 9:00 p.m. six days per week. There is the potential to significantly increase sales by expanding the hours of operation to include breakfast, lunch, and a later closing time on the weekends. The current owner of the restaurant is not a chef, and there may be opportunities to increase sales by updating the menu. The following equipment is included:one six-burner stove and one four burner- stove (both with an oven), one fryer, two one-door reach-in refrigerators, one reach-in refrigerator with seven glass doors, one walk-in refrigerator, one prep station, one type-one hood, a dry storage area, and two restrooms. The Purple Rose sits on a 3/4 acre of land that is 2 blocks from the Pacific Ocean. The building is 2500 square feet, and the property has its own private well. The business and its real estate must be purchased as a package there is also the option to purchase the house adjacent to the property the business sits on. The house is a 3-bedroom, 2-bath, 1500 square foot single-story home is listed for 395,000. It sits on a 1/2 acre lot. Like The Purple Rose, it is two blocks from the Pacific Ocean. The combination of the business and its associated real estate, along with the house next door, presents a unique opportunity for a buyer interested in making a lifestyle change that includes the world's shortest commute.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1985 | Current Owner: 1985 | Seating: 75 inside and 25 outside | Square Footage: Building 2500, Lot 30,492 | Parking: Parking Lot | Licenses Required: ABC Type 47, Health and Business | Days Open/Hours: 5pm-9pm Tuesday-Sunday | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $426,000 | Yearly Cash Flow: $56,400 |


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