429 Modoc Avenue, Tulelake, CA 96134 (MLS # 25-4178)

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PRICE $600,000 SIZE n/a LOT SIZE n/a Request More Info Schedule a Showing

Mike & Wanda's has been the Toast of the Town in rural Tulelake for 39 years! Tulelake, w/world famous waterfowling history, attracts people from far & wide! Building, business, equip., fixtures for restaurant & bar, non-perishable invt., furnishings. Point of sale sys, CA lottery sale sys. & Liquor Lic. to be sold together. A full Liquor Lic., type 47, w/type 58 atch., incl. Liquor Lic. allows for beer & wine to be sold ''off sale'', meaning: per ABC, ''if there is a specialty beer or wine, customers can buy it to take home, but cannot operate as a store''. Type 58 atch. allows alcohol to be served at catered events anywhere in CA. w/10 day period, reqd. for ABC to issue permit, & less than $200 fee, per ABC. Type 47: $960 per yr. Type 58 atch.: $280 per yr, per ABC. ABC not issuing Liquor Lics. in Siskiyou Co., currently for hard alcohol, only beer & wine. Transfer process: appx. $2200 fees, bkgd. check, appx. 60-90 day period for ABC appv. Ca. Lottery sales has transfer process for approval, taking aprx 60 days. Bar boasts pool table, unique bar & back bar out of San Francisco club, plenty of seating, & outside beer garden. Restaurant has not only great food, but largest banquet space for miles, hosting many events for various clubs/assocs. & holiday office parties. Kitchen is fully equipped, with new refrigeration sys. in walk-in freezer, new pizza oven, new ice cream machine, & private office space between cafe & bar. 3 public BRs, 1 private BR. Upstairs consists of 4 1 bed, 1 bath apartments with kitchens, over 20 single rooms and 4 more community bathrooms. Restoration and repair needed in many upstairs rooms. Roof needs Repair/Replace. Escrow may be 90 days+. Events are booked for this holiday season. Start the new year with a new opportunity! Showings must be scheduled around business hours & events, so as not to disturb patrons. Sellers happy to entertain all offers. Buyer to do due diligence. Siskiyou Co. ABC: 530-224-4830. Sellers are currently working on equipment list with aprx. ages of equipment. Hours of operation: Lunch 11-2 Mon-Fri, Dinner 4-8 Tues -Fri. There are endless creative business expansion possibilities here.