Bar & Restaurant
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1300000
Net Profit / Cash Flow $350000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1976
Number of Employees 10 - 19
Inventory 450000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Will train.
Reason for Sale Retirement.
Description One of the most popular steakhouses in the big bear area for locals, visitors & stars alike. Seating for 165 people, fun bar area, well established & efficiently run + room to improve. Includes: goodwill, building, land, full liquor license & other transferable licenses, machinery, furniture, fixtures & equipment, inventory, non-compete etc.. Do not disturb employees. Appointment only
Bldg is approximately 4,000 sq ft on a 7,700 sq ft lot. 20 parking spaces reserved for business + adjacent lots and additional street parking available. Lake views from dining patio area. Inventory of furnishings and fixtures available for viewing in a pdf package with other informative information regarding this property and its income. Non-disclosure agreement required. Please contact agent.
This is the busiest restaurant in Big Bear. When some restaurants are lucky to serve one dinner midweek during the slow seasons, they are consistently busy with an almost constant revenue stream. This restaurant for sale has a great local reputation and following. American Express gave a yearly credit card review, and showed that the #1 position and #3 position on the list of top zip codes for restaurant patrons was that of Big Bear Lake and Big Bear City.
This restaurant has a lot of upside potential and could be greatly improved. Hours could be expanded to include breakfast, the most profitable meal of the day, and happy hour in the bar could be expanded to generate more business. Advertisement could be used to expand clientele. Lastly, this great restaurant could be franchised out to create a larger venue and ownership possibility. $2,299,000
Click Here To Contact Seller
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