Bar & Grill With Liquor Permit - $1m Build-Out
Location California,United States
Asking Price Range < $250K
Gross Revenues $2000000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1986
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This Ontario Restaurant for sale present the aggressive aspiring restaurateur or the seasoned operator the opportunity to walk into a $ 1ml. build-out for pennies on the dollar. This restaurant has a seating capacity for 192 persons, in addition to two patios which can serve 80 patrons and a full bar (the location has a conditional use permit allowing for full alcohol until 1 am, potentially dancing and live entertainment). Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement indicating ability to purchase. Requests for specific data without such will not be entertained. This opportunity is not available for co-broker at this time. Asking Price $150,000.
This 6,200 sq. ft. facility leases for $12,000 per month, plus $2,800 in common area maintenance expenses. The facility has 10 years remaining on the lease, with 2 five year options. Prior to 10:30 am, or after 9 pm the facility has onsite parking for 219 autos (lot is shared with neighboring retail operations mid day). The facility has a manager's office, large walk-in coolers and freezers, a large mixer, and a 6 terminal $30,000 point of sale system. A liquor license is not included in the sale, however, one can be purchased and added to the existing conditional use permit for under $50,000.
This business is located in a high traffic, high visibility area. Competition is strong as a number of national franchises are located in Ontario, however, this provides the operator with a unique or more personable 'local' concept a potential advantage. This business has had a few mainstream concepts in the past, which has been a challenge due the amount of competition in the Victoria Garden's & the Great Ontario Airport / Ontario Mills Shopping center. This location is best suited to capture the breakfast crowd, capitalize on the bar, patio and entertainment attributes.
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