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Listing View: Recently Remodeled & Updated Montebello Restaurant w/Parking - Montebello, California


Recently Remodeled & Updated Montebello Restaurant W/parking
Montebello, California

Offered at:
$89,000

Office Listing #   BelloMex
Revenue: $180,000 / year
Cash Flow: $16,800 / year
Lease Rent: $2,500 / month
Square Feet: 2660

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 Listing Description

This recently remodeled and d Montebello restaurant is perfect for a buyer seeking a turn-key, fully equipped restaurant that has existed since 1985. The restaurant, which is located in a corner unit with main-street exposure, includes a spacious kitchen, 2 hoods, walk-in refrigerator and freezer, an office, plenty of storage, flat screen televisions, and for many years was licensed to serve beer and wine. A new owner could apply to re-instate the conditional use permit should they seek to reactivate a beer and wine license. This 2,660 square foot facility will likely lease for $3,500 per month including common area maintenance expense on a new lease. A new lease will be negotiated with a five-year term and a five-year option to renew. The sale includes all of the business’s furniture, fixtures, equipment, name, menu and goodwill. Inventory will be sold at cost at close. Competition is medium, as other restaurants exist in the area, however this restaurant offers a buyer an opportunity to enter the market with a fully equipped, turn-key restaurant that at one point generated monthly revenues in excess of $40,000 under a bar and grill concept. The current owner has a full-time career outside of the restaurant and spends minimal time working at the business. As such, the business would greatly benefit from a full-time working owner who can manage the business on a day-to-day basis, focus on new marketing efforts, and re-instate the beer and wine license to continue to increase revenues and potentially modify the concept.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1985
Current Owner:   2009
# of Employees:   6
Seating:   32
Square Foot/Size:   2660
Parking:   Parking Lot
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $180,000 / year
Cash Flow:   $16,800 / year
Payroll:   Contact For Info
FF&E:   $25000
     
Lease Information
Lease Rent:   $2,500 / 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
      Confidential Statement: Download


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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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