Bar & Grill -- Sales $1.3MM+ -- Long Lease

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Call Us:

Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Gardena: (714) 987-6147
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
8621 - Food and Beverage

Location:
Northern California - Northern California

Bar & Grill -- Sales $1.3MM+ -- Long Lease

Business Description:

This Mediterranean Bar & Grill has a prime location in a major South Bay shopping center. In late 2016 and 2017, the center underwent a huge renovation project and access to the restaurant was restricted by construction and temporary fences. This had a major negative effect on sales with revenue dropping from $1.4MM+ to just over $1MM. The construction is complete now and sales are returning to their former levels – 2018 was up over 2017 by nearly $350,000 and the cash flow more than doubled. The restaurant has a type 47 ABC license and below market rent. The seller is motivated to join his family overseas and has reduced his asking price. (#8621)


Asking Price: $419,000


Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

P & L

2018

$1,353,407
(Sales)

$127,544
(Adjusted Cash Flow)

1120-S

2017

$1,088,035
(Sales)

$60,360
(Adjusted Cash Flow)

1120-S

2016

$1,411,385
(Sales)

$176,533
(Adjusted Cash Flow)

1120-S

2015

$1,443,345
(Sales)

$249,467
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 7 15
Owners 1 0

Hours of Operation
Daily 11:00 a.m.-10:00 p.m.

Licenses Required:

  • Health permit
  • Food handler's ABC type 47
  • BOE

Lease

Monthly Rent Including NNN:
$15,911

Expires:
5-31-22

Option:
For 10 years

Size(sq.ft.):
3,416

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Moving out of the country.

Training:
2 weeks 25 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Gardena: (714) 987-6147
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.