In Business since 1970 and operated by the present owners for the past 28 years, this iconic breakfast, lunch, and dinner restaurant seating 60 with its separate ABC Type 47 full liquor bar seating a further 50 is for sale at an asking price of $645,000. SBA pre-approved to well qualified buyers with experience and good personal financials.  Located in a popular area of San Bernardino County, on the main thoroughfare and with great curb appeal. The owners are also the landlords and a new lease with long terms agreeable to both parties will be drawn for this 4,000 sq ft building with monthly rent at approximately $12,000 inclusive of NNN. Large kitchen capable of providing catering with walk-in refrigerator and walk-in freezer, double type 1 hood with fire suppression system, fully loaded with broiler, fryers, stoves, 2 convection ovens, alto-sham slow cooking oven and many small equipment toys. Modern POS system, indoor/outdoor cameras, wall safe, ADA compliant with a complement of booths and tables. The long established, popular Bar also has residual income with Lotto and internet Jukebox serving the many regulars with a 50/50 income split between dining room and bar. Currently only open 5 days with annual revenues of $1.3 million produces $200,000+ in profit. So much opportunity to open further hours to boost revenues.  To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution, please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationInc
  • Established1970
  • Current Owner1996
  • Employees17
  • Reason For SaleRetirement

Facilities

  • Seating100
  • Square Feet4,000
  • ParkingAmple
  • LicensesHealth, Business & ABC Type 47 License
  • Open HoursWednesday - Sundays only 8.00am - 9.00pm

Lease

  • Rent$12,000 inclusive NNN
  • ExpirationNegotiable
  • Yearly IncreaseNegotiable
  • OptionThree x 5 year lease options
  • Deposit$12,000

Financials

  • Monthly Revenue$114,800
  • Monthly Cash Flow$18,486
  • Annual Revenue$1,377,481
  • Annual Cash Flow$221,832
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location