Franchised Restaurant & Bar - Full Liquor License - High Gross
Great opportunity to own an franchised, attractive, upscale, high gross, employee run restaurant & bar with full liquor(ABC-Type 47) license in a very desirable area of Inland Empire. This short hours business establishment with seating capacity of about 280 predominantly caters to patrons for events and fun filled night out with friends and family. Upon arrival, this establishment pampers it’s guests with a large selection of draft beers on tap, a full bar, mouthwatering menu, music, multiple flat screen televisions, providing an enjoyable entertainment atmosphere. RARE Entertainment Permit allows for Dancing, Live Band, Karaoke to name a few. Additionally, current ownership dedicates minimal time and resources for advertisement and promotion of this business and most of its clientele is established repeat, referral or location driven, therefore, upside potential, additional revenues and resulting higher bottom line may be realized by actively engaging in advertisement campaigns. Sellers maintained a full complement of staff and this business is 100% employee run with full complement of staff at very high payroll related expenses. All Data is Pre COVID-19 Pandemic for Fiscal Year 2019: Gross Revenues: $1,839,996.00 SDE/NET(after add backs): $227,314.00 Total Number of Employees: 27+- Total Number of Managers: 3 Annual Payroll Expense: $483,000.00+- Therefore, a higher bottom line may be realized for an incoming buyer by controlling payroll related expenses. Furthermore, this business is located on aa busy street surrounded by a host of businesses and residential communities, ensuring a large volume of vehicle and foot traffic. Absentee ownership, full complement of staff, very busy major street location along with opportunity for expansion and growth presents a rare acquisition opportunity. Seller Financing is available for a qualified buyer with $100,000.00 plus inventory. Qualified buyers are invited to initiate contact. All inspection and viewing of “Back of the House” are by appointment only. Please note, that business location will ONLY be disclosed after a qualified NDA has been completed and executed.
