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Listing View: Victorville Restaurant w/ Liquor, Drive Thru and Building Included - Victorville, California


Victorville Restaurant W/ Liquor, Drive Thru And Building Included
Victorville, California

Offered at:
$777,000

Office Listing #   VictorMex
Revenue: $492,746 / year
Cash Flow: $141,161 / year
Lease Rent: $1,500 / month
Square Feet: 4500

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 Listing Description

This Victorville restaurant with liquor and drive thru is for sale with an exciting opportunity to also own the building. The restaurant was established in 1993 and has consistently generated significant profits due to the quality food service offered and loyal following. The building was recently remodeled with a first-class restaurant design likely to impress any restaurant operator, as it includes multiple hoods, walk-in coolers and dishwashing stations, resulting in an increase overall efficiency and activity flow. The business operates from a 4,500 square foot facility. The seller owns the building and leases the land on a ground lease until 2050 at a rate of $1,500 per month. The asking price includes all of the assets of the business as well as the building. Inventory will be sold in addition to the asking price at cost at close. Competition is considered medium as other similar restaurants exist in the area, however this business is well established, has an excellent reputation due to the quality food offered, and includes a liquor license. The business has room to grow with increased marketing via direct mail, door flyers, radio ads, and a website that could process online orders as well as delivery. The current owner also has not capitalized on the liquor license and additional revenue that could be generated with proper marketing, event offerings, delivery service, weddings and banquets, etc.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1993
Current Owner:   1993
# of Employees:   10
Seating:   68
Square Foot/Size:   4500
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $492,746 / year
Cash Flow:   $141,161 / year
Payroll:   Contact For Info
FF&E:   $100000
     
Lease Information
Lease Rent:   $1,500 / month
Lease Expiration:   2030
Lease Option:   30 yr. w/ 2 10-yr option
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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