Restaurant And Bar
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1080000
Net Profit / Cash Flow $168000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1992
Number of Employees 20 - 34
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Leased
Training 2 weeks / 20 hours.
Reason for Sale Personal.
Description This absentee owned Temecula franchise restaurant and bar is ideally located in a rapidly growing area just off of Interstate 15. The restaurant has a mid range to high-end ''all-American'' food concept that has over 200 franchisees worldwide. While the new owners may not necessarily be required to maintain the concept, they would likely seek to as its name and reputation for high quality food speak for themselves. The restaurant has been in operations for approximately 15 years, and has achieved a stable revenue base which continues to grow. The facility employs 25 knowledgeable employees, with the sellers and franchisors providing the requisite training.
The 7,000 sq. ft. facility leases for $15,000 per mo. (incl. CAM) with 14 years remaining on the long term lease, plus a ten year option. This restaurant is considered an international favorite for its unique segment of specialty American Cuisine. Nearby competition would be comprised of lower end family style diners or predominantly male oriented bar operations.
New active owners will likely seek to grow the business in a variety of ways. They will seek to capitalize on this location's 50 person banquet room to host private parties and corporate events as there are no other locations with amenities nearby (including the neighboring hotels). Contact for more information on this Restaurant And Bar for sale.
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