Beautiful Restaurant Bar, high volume

$1,700,000

Riverside County

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Asking Price: $ 1,700,000 

Type of Business: Exquisite Restaurant & cocktail car. Type 47 ABC license
Location: Riverside County
Hours of Operation: 11:30 am – 10 pm. Friday and Saturday close at 12 midnight
Gross Sales: $ 3,321,000 Annual net sales
Adjusted Net Profit: $ 326,000 adjusted net profit
Total Rent: $ 14,625
NNN: $ none
Length of Lease: 1/31/2043
Options: none
Sq. Ft. 6,500
Occupancy: 340
Number of Employees: N/A
Full time:  18                Part time:  38|
Payroll: $ 85,000 / month
Insurance: $ 14,000 / YR
Gas: $ combined all utilities $99,825 / YR
Electric: $ combined above
Water: $ combined above
Phone: $ 7,787/ yr.
Trash: $ included in rent
Internet and TV: $ N/A
Cost of goods: 31%

 Business description

Beautiful freestanding restaurant & bar in a large busy center next to freeway , with freeway signage. full build out in 2008 with large exhibition kitchen, visible wine cellar, outdoor patios with a beautiful view fire-pits & more. Full management is in place, GM, Chef ,bar managers, etc. Dj entertainment & dancing on weekend nights. This is a visually stunning restaurant, with the groundwork laid for a new motivated buyer to move it forward. Separate bar / lounge area with TVs. 2 patios for the nice summer night breezes accentuate the experience and beautiful view offered here. This visually stunning location is beautiful & turn key

Call for more details.

(714) 366-5498