208 S Green St - Restaurant FOR SALE


Sonora, CA 95370
$4,250,000 USD
415-945-9701
208 S Green St, Sonora, CA for Sale
$4,250,000 USD
Restaurant - FOR SALE
1/63
null | Request Cap Rate

208 S Green St
Sonora, CA 95370


HIGHLIGHTS

  • State-of-the-art Event Center and Entertainment Complex, The Armory, located in the historic Gold Rush town of Sonora, CA
  • This iconic property features expansive outdoor, multi-level seating in the lush Beer Garden and expansive roof-top patio with lounge area
  • Included in the sale are two operating, fully-turnkey restaurants, each with their own kitchen, as well as a private event/catering business.

OVERVIEW

Real Estate Included - SBA Loan Pre-approved - Restaurant & Bar with Huge Patio Located in Sonora RRC# 4750 Location: 208 S Green Street, Sonora Description: Real Estate Included - SBA Loan Pre-Approved at a $4.25 Million asking price with $600k cash down. 14,000 square feet in total with 10,000 sq ft of fully usable bar and restaurant space with an ABC Type 47 Hard Liquor License, 3 bars and a beautiful Beer Garden all with the Real Estate included. Custom-built Beer Garden/Restaurant/Cocktail Bar & a State-of-the-art Tap Room located in the historic Gold -Rush town of Sonora, CA. This iconic property features outdoor, multi-level seating in the Beer Garden and expansive roof-top patio with lounge area and fire pits (seating for 236 guests). Located in a high-traffic area in central downtown. The present owners have developed a local bar and restaurant especially for the outdoor and upstairs mezzanine, with beautiful views of the city and surrounding countryside. Also, the “Bourbon Barrel”- a gorgeous, one-of-a-kind rustic bar with a Kentucky-style that specializes in bourbons, whiskeys, and craft cocktails. This space accommodates up to 52 guests. Property also features an indoor event space with a dedicated bar and hosts bands, wedding, corporate events, conferences, and numerous private parties with seating for 130. A separate private dining room, the “Wine Room”, is perfect for private dinner parties of up to 30. Additional warehouse space in rear of property is a blank slate, -space for whatever you’d like to create. Total building capacity 466 persons. Sale includes business, goodwill, all the assets. 2023 sales revenue was $2.2 million producing almost $500,000 in profit. This property is SBA pre-approved for a long term 25-year loan or the Seller is even willing to carry a note for $2 Million for well-qualified, experienced Buyers with excellent credit. The monthly SBA finance would be around $17,000 and to just rent the business would be the same, so purchasing the business with the real estate is the smart decision. 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, Keith Simpson's direct contact information so you can discuss this opportunity in more detail. Financial Information: Monthly Revenue: $173,892 Monthly Cash Flow: $45,475 Annual Revenue: $2,086,700 Annual Cash Flow: $545,700 General Info: Ownership: LLC Established: 2019 Employees: 32 Reason For Sale: Other Interests Monthly Rent: Real Estate Included Facilities: Square Feet: 14,414 Seating: 466 Parking: 100 Licenses: ABC Type 47, Health and Business Licenses Days/Hours of Operation: Mon Closed Tue 4:00 PM - 9:00 PM Wed 4:00 PM - 9:00 PM Thu 4:00 PM - 9:00 PM Fri 11:00 AM - 12:00 AM (Next day) Sat 11:00 AM - 10:00 PM Sun 11:00 AM - 9:00 PM

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Sonora Armory Complex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,414 SF

ZONING

Commercial

APN/PARCEL ID

002-152-074-000

ASK ABOUT THIS PROPERTY

Steve ZimmermanRestaurant RealtyMore Info
415-945-9701

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Steve ZimmermanRestaurant RealtyMore Info
415-945-9701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.