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Solvang, California
$2,300,000
Property Details
Property Description
MONTHLY GROSS: $165,000
MONTHLY RENT: $12,000
LEASE TERM: NEGOTIABLE WITH LANDLORD
STORE SIZE: 3,080 SQFT.
APT 1 SIZE: 680 SQFT.
APT 2 SIZE: 740 SQFT.
SEATING CAPACITY: RESTAURANT 125.BAR 24.
OPEN HOURS: 11:00AM-12:00 AM MON-SUN.
EMPLOYEES: 12 FT. 6 PT.
WAGE: $45,000/mo.
BUSINESS AND PROPERTY CAN DO SBA LOAN.
SAME OWNER FOR 30+ YEARS.OWNER IS RETIRING.
LOCATED ON MAIN STREET AT CITY OF SOLVANG.
ONLY DINE-IN CHINESE RESTAURANT IN TOWN.
HAS FULL BAR & RESTAURANT.HAS FULL LIQUOR LICENSE.
ONE OF THE ONLY TWO BARS IN TOWN.TYPE 47 LICENSE.
RESTAURANT BUSINESS CAN BE SOLD SEPARATELY.
FAMOUS DANISH TOWN WITH LOTS OF TOURISTS EVERY YEAR.
HAS TWO APARTMENT 2ND FLOOR.1 BED 1 BATH EACH.680 SQFT.740SQFT.
EXTRA INCOME FROM APARTMENT TENANTS $1,300/MO + $1,800/MO=$3,100/MO.
NET INCOME: $50,000/MO. + $3,100/MO.RENTAL INCOME.
ASKING PRICE: $500,000+INV. RESTAURANT ONLY.
MIX USE PROPERTY: $1,800,000 (BUILDING INCLUDES RESTAURANT, BAR, APARTMENT
BUSINESS WITH PROPERTY TOTAL: $ 2,300,000 + INV.(PRICE REDUCED)
Location
Solvang, California
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