Business Details

Restaurant with Cocktail Lounge

Location : Inland Empire

Type of Business : Restaurant with 47 ABC license

Asking Price: $375,000
Inventory: $15,000

Gross Sales: $900,000

Summary of Business

Freestanding with great visibility and access Restaurant with Type 47 ABC license (full liquor).
Serving Breakfast, Lunch, and dinner. Large and easy to work in the kitchen, walk-in refrigerator, walk-in freezer, Dishwashing area, and large preparation area. Cozy dining room with well-kept booths and tables. Separate area for the cocktail lounge. The current owner has not taken advantage of the cocktail lounge, it is used mainly for dining. Opportunity to increase the sales because there is no other cocktail lounge nearby. Large monument sign with amazing freeway visibility. Excellent demographics both residential and commercial. This is a must-see if you are looking for a restaurant and bar combination.  

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Other Details

Reason for Sale: Retiring

Income

Gross Yearly Sales: $900,000
Adjusted Yearly Net Profit: $144,000

Rent

Total Rent: $1,105,600
NNN: $included in rent
Length of Lease: 5+5 Year
Options: 0
Sq. Ft: 3,865
Occupancy: 99

Employees

Number of Employees: 18
Full time: 3
Part time: 15
Hours of Operation: 7 AM till 9 PM Payroll: $21,000

Expenses

Insurance: $12,000 per year
Gas: $1,500
Electric: $2,200
Water: $368
Phone: $100
Trash: $420
Internet and TV: $42

Additional Details


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