$45K Price Reduction!! Selling Restaurants presents this busy Mexican food restaurant, in the city of Corona, Riverside County. This restaurant is 1648 SF, with rent of $4026, including CAM,and is located in a large shopping center, just a few doors down from a major chain supermarket. The center generates bustling foot and auto traffic, thus giving the restaurant great exposure! The current owner built out this space over six years ago, and began serving terrific family recipes, with value pricing, thus creating a loyal base of repeat customers. With this price reduction, bring your offer. The owner has another restaurant, so this one is basically an absentee owner type operation, with staff to run it. With a new owner on premise to meet and greet customers and to closer manage food costs and labor, it's possible to add more sales with additional profit. The seller will include the current restaurant name, all recipes, furniture, fixtures and equipment, and a beer and wine license. Additionally, for the right qualified buyer, the seller would be willing to carry back a note for a portion of the asking price. This opportunity won't last long, so take the next step, click on the orange buttons below, simply register at no cost, and you will receive additional information, location and pictures. As a registered buyer, you will also receive priority updates for any new listings or price reductions before being released to the general market.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409
Lease
Region:
San Bernardino Restaurants For Sale
Lease Term:
expires nov 2009 + 5 yr option
Total Monthly Rent:
$3,334
Financials
Last Year's Annual Gross:
$279,505
Last Year's Food Cost %:
54
Last Year's Payroll Cost %:
6
Operations
# of Full-Time Employees:
4
# of Part-Time Employees:
1
Hours Open:
Mon. to Sat. 9am to 9pm Sun 9am to 7pm
Highlights
- Busy Mexican Restaurant !
- In Business Since 2002 With The Same Owner!
- Name and Recipes Included!
- Major Supermarket Anchor!
- High Volume Traffic Street!
- Large and Loyal Customer Base!
- Turn Key Operation!
- Beer & Wine License Included!
Financing
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
20%
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
47,955 |
151,140 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
13,622 |
43,394 |
2010 Persons Per Household |
3.42 |
3.39 |
Median House Value |
$263,100 |
$292,295 |
Income Per Household |
$62,529 |
$71,015 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
1,113 |
2,970 |
2012 Number Of Employees |
44,358 |
98,858 |
2012 Total Annual Payroll |
$882,947,000 |
$1,985,073,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.