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.
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