Last Revised: 9/15/19. Posting #: 252409
Key Words: bar, restaurant, sonora, tuolumne
Financial Info: Price: $4,899,000. Down: $500,000. Adjusted Net: Call. Annual Revenues: Call.
Profile: We are excited to offer this one-of-a-kind yet versatile entertainment complex in picturesque downtown Sonora, CA. The Armory is designed as a central dining and entertainment hub in a thriving downtown setting with unique shops & boutiques, art galleries and a strong dining and bar district. Sonora is an historic destination city with middle/upper income residential and a nearly year-round calendar of events & festivals that bring in both locals and tourists from the Bay Area, Sacramento Valley and worldwide.
Construction of the Complex has recently been completed and every inch of the property has been designed to create a memorable guest experience with high quality finishes, unique lighting, and open spaces that invite a sense of community. The rustic themed spaces have been decorated with a collection of cool antique memorabilia, advertising & road signs that would impress those TV Guys from American Pickers! Large roll up doors open from the Bar and Restaurant space into the Beer Garden, allowing patrons to enjoy food and beverages in a beautifully designed indoor and outdoor multi-level seating area with views of the downtown skyline and the foothills beyond. The facilities include a high capacity full kitchen that serves the Bourbon Barrel Bar, a Beer Garden with a large draft system, and a catering and event space within the Complex. The liquor license privileges extend throughout the property. In addition to the bar and dining options, the Complex also includes an Event Center that can be used for music concerts, comedy shows, theater productions, community events, and weddings and large private parties. A small space designed to be used as either a retail gift shop, wine bar, or private dining room completes the public space of The Armory. Additionally, there is a building which can be used for storage or may possibly be converted to a microbrewery operation if the owner would like to add beer production to the concept and highlight their beer along with guest taps in the Beer Garden.
The combined site has a total capacity of approx. 500 with approx. 75 in the Restaurant & Bar, 175 in the Beer Garden and 200+ in the Theater/Event Center.
The total Complex sits on about .33 Acres of downtown property and the sale includes an adjacent separate 2250sf building and .12 Acre parcel.
We are searching for a special Buyer with the skills and passion to bring this unique opportunity to its full potential as a regional dining destination and entertainment hub, either by fulfilling the existing vision or incorporating another compatible concept.
The Complex is for Sale with the Real Estate, but the Seller is also open to offering a Lease with a purchase of the Business Assets which are offered at $350,000 (excluding the antique memorabilia de 1/2cor which may remain onsite). The Seller is offering a 10 year Lease with one 10 year option and proposed Rent @ $17,500/month, or possibly a lower Base Rent + Percentage of Sales. The Seller is open to Seller Financing for the property for a Very Experienced Restaurateur with a Cash Down Payment of $500k + Note @ 5% interest payable over 30 years with a balloon payment at the end of year ten.
Interested? Please request our Confidentiality Agreement/NDA form through this ad to get started.
Once we receive your Confidentiality Agreement, we will send you the Listing Sheet with details and we can arrange a private tour of the space.
We look forward to talking with you about this exciting opportunity.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: Steve brings to his clients a wide-ranging business background with a focus on providing the highest level of customer satisfaction. Steve’s experience includes work in mergers and acquisitions, as well as small business brokerage, finance, business development and sales and account management.
Key Words: steve zimmerman, transworld, transworld business advisors, business broker, roofing, contractor, tour, restaurant, fitness, logistics, warren, morris, bergen, union, hudson, middlesex
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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