Business Details

Restaurant 41 license, drive thru not used

Location : Highland, CA

Type of Business : Restaurant

Asking Price: $550,000
Inventory: $10,000

Gross Sales: $720,000

Summary of Business

Free-standing profitable restaurant with the same owner since 1984! Full-service restaurant with fully equipped kitchen, two walk-in refrigerations, very visible monument sign, and easy access. Inside the dining room, upstairs loft for private dining and a large patio for al fresco dining with approximately 70 people capacity. The owner spends less than 15-20 hours per week here. There is a drive-thru in place that has not been used for a long time. Currently is used for picking up telephone orders only. Located in a busy street in Highland very near the San Manuel casino and surrounded by several large commercial centers and near residential areas.

Show More

Other Details

Reason for Sale: Other interest

Income

Gross Yearly Sales: $720,000
Adjusted Yearly Net Profit: $150,000

Rent

Total Rent: $10,000
NNN: $520
Length of Lease: 5 Year New Lease, Seller is the landlord
Options: 0
Sq. Ft: 3,900
Occupancy: in:100, out:70

Employees

Number of Employees: 14
Full time: 2
Part time: 12
Hours of Operation: 7 AM till 8 PM Payroll: $15,000

Expenses

Insurance: $1,500 per year
Gas: $4000 (all utilities included)

Additional Details


Similar Listings
Can't find what you are looking for?

Lets search for that business together.

Click here to fill out our targeted acquisition form