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#576
San Bernardino Restaurant For Sale

Popular Family Restaurant/Diner With Low Rent

$150,000
Sold
Popular Family Restaurant/Diner With Low Rent
This Listing is Sold
Rarely do you find a diner like this for sale! This family style restaurant has been a favorite place for locals for over 25 years! Very clean and welcoming with a fresh squeeze orange juicer right in the dining room. A definite turn-key diner. This end cap restaurant has 3,000 sq. ft., a 400sq. ft. patio area for dining/smoking, plenty of parking, and low rent. Landlord will sign a new lease with buyer. Serving breakfast, lunch, and dinner. A beer and wine license is included. Owner is leaving the industry.This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
San Bernardino Restaurant For Sale
Lease Term:
Landlord to sign new lease
Total Monthly Rent:
$2,060
Security Deposit:
$2,000

Financials

Last Year's Annual Gross:
$492,000

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Part-Time Employees:
8
# of Family Employees:
2
Hours Open:
Monday thru Friday 7:00am to 9:00pm
Saturday & Sunday 6:30am to 9:00pm
Year Established:
1980
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
25
Inside Sq. Ft.:
3000
Outside Sq. Ft.:
400

Highlights

  • Turn-key Restaurant
  • Over 25 years of reputation in the community
  • Large End Cap Restaurant
  • Nice Patio, Ample Parking
  • Located on one of the busiest streets in town
  • Plenty of inside as well as outside seating
  • Includes beer and wine license
  • Owner will carry back a portion of the purchase price
  • Fully Equipped Kitchen with Hood and Grease Trap.
  • Breakfast, Lunch & Dinner

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
30%
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 88,286 142,874 223,285
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 23,413 40,070 62,787
2010 Persons Per Household 3.57 3.39 3.40
Median House Value $222,500 $221,502 $243,022
Income Per Household $56,373 $56,263 $61,881
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,377 2,179 3,345
2012 Number Of Employees 33,640 64,594 101,178
2012 Total Annual Payroll $525,791,000 $1,089,779,000 $1,861,865,000

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Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Business Intermediaries, Inc. ("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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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