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Upscale American Restaurant & Sports Bar-Full Liquor-Off-Track Betting
Upscale American Restaurant & Sports Bar with Off-Track Betting
Discover a premier dining and entertainment experience at this newly remodeled upscale American restaurant and sports bar. Featuring fresh, high-quality cuisine, inspired cocktails, craft brews, and Central Coast wines. This vibrant venue offers an inviting atmosphere for casual diners, families, and avid sports fans. This restaurant was pleasantly remodeled at the end of 2024 with quality materials including new flooring, paint, seating, entertainment equipment, and more. Current sales are averaging $40,000 a month or more and increasing. Previous sales were between $1,400,000 and $1,600,000 annually.
Key highlights include:
- Off-Track Betting (OTB) managed by the Horse Racing Association
- Full liquor license with an extensive selection of 24 craft beers on tap
- Spacious 5,500 sq. ft. interior accommodating 199 guests indoors and 50 on the outdoor patio.
- Large bar area with ample seating and 40 TVs throughout for optimal sports viewing
- Two beautifully furnished dining rooms, large bar, and a stylish outdoor patio
- Well-equipped, high-volume kitchen designed for efficiency and seamless service.
- Attractive Wine and Liquor Storage Room
The owner rebranded the restaurant in November 2024, offering an upscale take on the sports bar experience.
This turnkey opportunity presents an ideal setting for an entrepreneur or restaurateur looking to step into a fully operational, high-potential business. This is an asset sale. No financials are available except POS sales. Cash offers only, please.
Listed By: Teri Craft
Background information
Reference:
valleybarbetting
Year established:
November 2024
Reason selling:
Other Interests
Finance
Sales:
$600,000
Profits:
$0
Operations
Employees:
28 employees, including 2 managers.
Equipment:
2-Walk-in coolers, 1 walk-in freezer, 1- beer cooler, ice machine, 4 refrigerated chefs drawers, 2 warm chefs drawers, 10 burner stove with 2 ovens, pizza oven, 4 fryers, 4ft flat grill, 4 ft charbroiler, 2 oil tanks, 4 ft salamander, 2 stackable ovens, 40 TV’s, video wall, projector, 2 tower racks for video & sound system, 4 POS stations, 2 handheld POS units, 24 tables, 80 chairs, 9 booths, communal table for 20 with 20 high top chairs, bar refrigerator with 3 swinging glass doors, 24 beers on tap, 2 glass chiller refrigerators, 2 bar wells with soda guns, under counter beer refrigeration, liquor room, wine display, patio tables and chairs for 60 people, pots, pans, utensils, dinnerware, glassware & flatware.
Inventory:
Inventory can be purchased.
Furniture fixtures and equipment:
The equipment is in good working condition and well maintained.
Premises
Square footage:
5,500
Rent and lease terms:
$19,000 monthly rent including $3,000 CAMS. The lease expires November 30, 2031.
Location:
Located on a main boulevard with streetside patio and parking.
Opportunities
Growth:
Continued social eedia marketing will facilitate additional growth.
Market:
Revenue is increasing each month as customers embrace this rebranded restaurant and new concept.
Price and terms
Price:
$475,000
Financing:
Cash offer only please.
Training:
Training is available.