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Highly Established Turn-Key Operational Restaurant

Listing was updated at: 06/20/2019

Property Overview

Price/Rent PSF $ 2,075,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 11,130
Date Available 06/20/2019
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Contact

Description

Location
Located adjacent to 2,450 homes with in a planned gated community, developed by Wellington Homes (Glenn Pace), which is across the street from the award winning 18 hole championship Pheasant Run Golf Course/The Lakes RV Golf Resort. Just West of Hwy 99, East of Chowchilla Blvd, North of Avenue 26, South of many existing housing developments.

Sale
Established freestanding restaurant building with Highway 99 exposure in Chowchilla offering a total of ±11,130 SF on a private parking lot of ±1.89 Acres (includes truck/bus parking). Performing restaurant with over $1.6M in gross annual sales and over 30,000 transactions per year. Features a functional floor plan offering a separated 15-person bar, multiple open dining areas, (5) private banquet halls/rooms, up-to-date fully operational turn-key kitchen, newer flooring, Phoenix Coating on the roof, several walk in refrigerators and freezers, large open areas, separate kitchen and food preparation area, multiple hood ranges, multiple restrooms, and more. Various catering events pre-booked as well as banquet events. There is significant opportunity to add a fully functional "Class A" bar upgrades as an addition component that is currently underutilized. As ownership is currently working part time for 2 days per week, further opportunity includes bringing back Karaoke and band nights, expense reduction by involved management (spoiled food), social media/Yelp marketing, expanding the catering business (say “yes” to the existing inflow of jobs), and various other opportunities that an active/motivated buyer can pursue. Property and staff is setup for hosting events, karaoke, parties, civic/club meetings, and more. Sale includes all real estate, BOTH Type 47 and 52 liquor licenses, furniture, fixtures, equipment, inventory, and good will. Restaurant currently doing business as "Farnesi's Steakhouse".
Hours:
M-Th: 6AM – 10PM
F-Sun: 8AM – 2AM

Location

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