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#5079
San Bernardino Restaurants For Sale
Riverside Restaurants For Sale

5 Day Fine Dining w/Hard Liquor & LOW RENT & SBA Loan!

$325,000
5 Day Fine Dining w/Hard Liquor & LOW RENT & SBA Loan!
This Listing is Expired

You Want to go to This Restaurant? Then Select the Link to Left "Want Name/Address" and Visit this Super Restaurant!

RENT IS SUPER LOW!!

Are you interested in owning a Top of The Line Restaurant in a growing community, than take a look at this restaurant with solid history of success and tax returns. Open only 25 hours a week, this is a perfect husband and wife restaurant with 2016 Adjusted Net Income of more than $140,000. 

Opportunity knocks here as the current owner closes the restaurant for one month ea year. That’s right. Sales figures represent 11 months of sales

This restaurant is SBA approved for a 75% loan with 25% down!  If you have 5 years+ of restaurant experience as well as good credit and at least the 25% down, then you're a shoe-in for an SBA loan. 

Featuring a wonderful wine selection and a full liquor license this fine dining establishment is a jewel in the community. 

Open 5 days a week from 5pm-10pm there is opportunity to expand by adding more days, including a Sunday brunch. 

Dinners are usually sold out with a waiting list that is long and expected. If you bought this you would surely want to open for Sunday Brunch, however the present owners are veteran restaurateurs and are at the point in their lives where they want to slow down.  They will train you.

There is a 12 ft hood in a very efficient kitchen. Bathrooms and access are in good shape having been remolded recently to allow for ADA access. But Buyer needs to get a professional ADA contract to verify. 

There is a small patio which is very popular, especially in the Summer, and it seats 12-14 guests.

Seating inside is 48, but the best thing about this fine dining restaurant is the lease. The rent is $2,400 which includes NNN for a 2,400 sq ft restaurant.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
San Bernardino Restaurants For Sale
Riverside Restaurants For Sale
Lease Term:
Expires 6/2019 + 5 yr option
Total Monthly Rent:
$2,400

Financials

Last Year's Annual Gross:
$599,114
Last Year's Owner's Cash Flow:
$140,523
Last Year's Food Cost %:
28
Last Year's Payroll Cost %:
21
Last Year's Rent %:
6
EBITDA:
$125,000

Operations

Liquor License:
47
# of Full-Time Employees:
1
# of Part-Time Employees:
7
# of Family Employees:
1
# of Working Owners:
1
Hours Open:
Tuesday - Saturday 5-10 PM
Year Established:
2014
Hood System Type 1:
Yes

Facilities

Indoor Seating:
48
Outdoor Seating:
14
# of Parking Spots:
50
Inside Sq. Ft.:
1,500
Outside Sq. Ft.:
100

Highlights

  • White Tablecloth Deluxe Restaurant For Sale
  • Top Three Restaurants For Sale
  • Dinner Crowd Only w Full Liquor
  • Fine Dining Restaurant in Riverside
  • Fine Dining In Downtown Area
  • Is Steak & Wine Something You Crave
  • White Tablecloth Bistro Makes $$
  • Profitable White Tablecloth Dinner House
  • Closed The Month Of August & Still Profitable
  • Dinner Only At This Profitable Restaurant

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 21,223 237,581
Households 3-mi. 5-mi
2010 Number Of Households 6,535 70,685
2010 Persons Per Household 2.99 3.28
Median House Value $186,800 $234,826
Income Per Household $48,234 $55,790
Businesses 3-mi. 5-mi
2009 Number Of Businesses 762 4,428
2012 Number Of Employees 24,626 143,560
2012 Total Annual Payroll $617,763,000 $2,950,993,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.


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