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- LoopNet Team
27649 Highway 88
Pioneer, CA 95666
Retail Property For Sale
PROPERTY FACTS
- Restaurant
- Office Industrial Live Work Unit
Amenities
- Restaurant
- Signage
About 27649 Highway 88 , Pioneer, CA 95666
Pearl's Gourmet Cafe - 27649 State Highway 88 Pioneer CA 95666 Listed Price: $400,000 Gross Revenue: $90,000+/- FF&E: $25,000 *Furniture, Fixtures and Equipment Inventory: $1,000 Building/Lease Rate: Building included in sale/No lease Established: 2014 Business Description: Unique cafe located in Pioneer, Ca along scenic Highway 88 - gateway to the Sierra Nevada Mountains. Yelp *5 STAR CAFE. Since 2014, Pearl's has become a local favorite and a common stop for tourist driving over the Highway. The restaurant is strategically located at the 4,000 ft. elevation along the well-traveled highway that connects Stockton and the San Joaquin Valley(50+/- miles to the west) to Lake Tahoe(90+/- miles to the east). The building also includes a 1250 sq ft home above the restaurant - could make the perfect VRBO or second home. Currently being used as primary residence to owners/operators of restaurant. State Highway 88 is open year-round attracting tourists throughout the year. Winter months attracts skiers to Kirkwood and Tahoe and outdoor enthusiasts during the summer months. Widely known Jackson Rancheria Casino is only located about 15 mins west of Pearl's. It is estimated that 50% of the customers are tourists (yelp, google, and growing). The other 50% of customers come from word of mouth of locals. The comfortable cafe offers a friendly atmosphere that locals appreciate and enjoy. Current requests for meetings and a gathering spot for social and business groups. The restaurant can accommodate 30+ inside, additional bar seating and pet friendly outside patio dining. Approximately 25% of the revenue comes from take out, additional renevue from catering and special orders, and the rest from dine-in customers. Since opening in 2014, revenues have increased by approximately 32%/year and are continuing to grow into 2018. The growth has been consistent and stable. The business is established offering a quality product, customer base and extreme customer service. Currently open Thursday thru Sunday 7:00 am to 2:00 pm. It is also closed 2 months out of the year. Further growth and expansion could include local delivery service and opening more days and longer hours. The property is 1.93+/- acres and zoned commercial. The building is approximately 2,428 sq ft.. The lower business level consist of 1250+/- sq ft. and being operated as Pearl's Cafe. It has been completely renovated with custom wood floors, redwood slab bar tops, tile floors, new heat and air, new grease trap, new bathrooms and more. It is ADA complaint. The upper level is full living quarters complete with kitchen and dining, 2 bedrooms, 1 bath, and a large spacious living room. Large deck on the back and a covered porch on the front of the residence portion. Lot is large enough for additional business opportunities. Engineered drawing previously approved by the county for 5 RV spaces. * Per letter from Amador County Planning Department Land Use Agency dated May 9, 2017. Additional revenue if expansion of RV park was completed and offered to public. Plenty of parking and pull through parking area makes stopping easy and convenient. Property is located next to the local mini mart and gas station. Full fenced garden for Farm to Fork style dining and large patio sitting for outdoor venue during summer months. A partial list of equipment includes: Convection oven ($1,000), Espresso Machine with grinder, coffer and tea brewer, Rack shelving, hot plates, Milk Shake machine, 6' Sandwich prep refrigerator, Vintage Refrigerator display ($2,000), all tables and chairs, Commercial Refrigerator, Commercial Freezer, 10,000 watt Generator, Recipes, name (Pearl's Gourmet Cafe) and Goodwill. *Upstairs includes washer/dryer and refrigerator. Business sold separately. If purchased, Seller will provide training and support if needed as negotiated. Building is included in sale. Facility is owned. Sellers are retiring and moving closer to family.
PROPERTY TAXES
Parcel Number | 032-130-016-000 | Improvements Assessment | £287,628 |
Land Assessment | £83,891 | Total Assessment | £371,519 |
PROPERTY TAXES
Listing ID: 10829346
Date on Market: 01/12/2017
Last Updated:
Address: 27649 Highway 88, Pioneer, CA 95666
The Retail Property at 27649 Highway 88, Pioneer, CA 95666 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.