45020 Highway 101Laytonville, CA 95454

Property Details for 45020 Highway 101

Lot size

4.90 AC

Zone code

RC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

014-040-23-00

APU

140402300

Description

This exceptional opportunity presents the chance to acquire The Boomer's Saloon and Grill, a thriving full-service restaurant and bar located at 45020 Highway 101 in Laytonville, California. The 5,000 square foot building boasts an unparalleled location with high visibility, ensuring a steady stream of customers. This turnkey operation includes all business assets, a valuable liquor license, established goodwill, existing equipment, inventory, a comprehensive client list, and a functioning website. The current employees are eager to continue their decades-long tradition of providing high-quality food and service, ensuring a smooth transition for the new owner. The spacious interior features pool tables, a large dining area, numerous big-screen TVs, and a dance floor, all enhanced by vibrant neon beer signs. The Boomer's Saloon and Grill caters to a diverse clientele, including families, tourists, bikers, and locals, making it a popular destination for both everyday dining and special events. Its reputation as a family-friendly establishment and a venue for private and community gatherings, local festivities, and festivals contributes to its consistent success. This is a rare chance to own a well-established and profitable business in a desirable location. Priced at $230,000, this is a truly remarkable investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $86,080,792

  6.5%

  $79,459,192

  7%

  $73,783,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,698,808

  Geo Method

  $76,798,344

• Alternative Use

  Use

  Valuation

  Residential

  $67,026,800

  Hospitality

  $61,396,188

  Educational

  $51,080,908

  Medical

  $52,837,660

  Retail

  $79,459,192

Location Insight

City

Laytonville

County

Mendocino

State

California

Latitude

39.6889

Longitude

-123.484

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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