Businesses For Sale Network in California - Riverside & San Bernardino/ Mexican Restaurant w/Beer & Wine, and Parking in San Bernardino
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Listing View: Mexican Restaurant w/Beer & Wine, and Parking in San Bernardino - San Bernardino, California


Mexican Restaurant W/beer & Wine, And Parking In San Bernardino
San Bernardino, California

Offered at:
$60,000

Office Listing #   SBSeafood
Revenue: $240,000 / year
Cash Flow: $41,000 / year
Lease Rent: $2,800 / month
Square Feet: 2,000

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 Listing Description

This San Bernardino Beer and Wine Mexican Restaurant, once considered a high-end dining establishment, is nestled between two major freeways, with a large parking lot. This restaurant was boosting a net profit of $150,000 a year and producing a gross revenue of $60,000 per month. However, given the current economic downturn, revenues are approximately $20,000 per month. While this restaurant is at its historic low, a new owner would likely profit by acquiring this restaurant at its current position and reap the benefits when the economy improves. This 2,000 sq. ft. corner location restaurant leases for $2.800 a month with terms to be negotiated with the landlord. A full kitchen with a walk-in cooler and two hoods, beer and wine license, seating for 50 persons, and approximately 20 parking spaces is included in this facility. The business’s furniture, fixtures and equipment (excluding the dishwasher) are included in the sale. This restaurant is located in a predominately Latino area where other similar themed restaurants exist. This restaurant has managed to carve out a unique market niche during its 20 plus years in business. However, due to the costs for this niche, a bit more than lower-end concepts sales are down on what is expected to be a temporary basis. A new owner may consider waiting out the current economic downturn until the restaurant can return to its former profitability levels. Alternatively, a new owner may implement a lower cost food concept that caters to the local market while capitalizing on the business’s location and great freeway access, as well as a beer and wine license. Such concepts may include Mexican, Chinese, Central American, Barbecue, etc.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1987
Current Owner:   1987
# of Employees:   10 PT
Seating:   50
Square Foot/Size:   2,000
Parking:   Parking Lot
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $240,000 / year
Cash Flow:   $41,000 / year
Payroll:   Contact For Info
Lease Information
Lease Rent:   $2,800 / month
Lease Expiration:   TBD
Yearly Adjustment:   TBD
Lease Option:   TBD
Listed by:   R Clark
 The Veld Group
Email: Email Seller
Phone:  (310) 652-8353
Website:  www.theveldgroup.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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