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#1142
San Bernardino Restaurants For Sale

Rare and Elegant European Style Fine Dining with Bar & Hard Liquor

$199,000
Rare and Elegant European Style Fine Dining with Bar & Hard Liquor
This Listing is Expired
PRICE REDUCED! OWNER WILL CARRY! Selling Restaurants is proud to present this very rare opportunity to own the pride of Lake Arrowhead area. Are you a trained executive chef doing upscale European menu's? Then stop building someone else's business! Don't let this one slip by and jump on this great opportunity! The restaurant has a warm European feel and look with white table cloth and rich dark colors throughout. There are over 2,500 square feet, with a breath taking and elegant European decor. Serving steak and seafood. Price includes sound system and baby grand piano! This is TURN KEY! Lease is $4,400 per month, plus 5% of gross. Add room service and breakfast to increase revenue. A beautiful bar with full hard liquor license. Don't miss out! This restaurant was doing over $700,000 annual gross sales, but in 2007 sales were hurt by the fires, so this price is cheap relative to 2006 sales of $702,648 and annual net profit of $115,134. There are tax returns available to verify these numbers.

Please click on one of the orange buttons below to take the next step towards your financial independence!
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
Total Monthly Rent:
$4,400
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$484,619
Last Year's Food Cost %:
35.3
Last Year's Payroll Cost %:
23.1
Last Year's Rent %:
15.1

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
3
# of Family Employees:
2
Hours Open:
12am to 9pm
7 days
Hood System Type 1:
Yes

Facilities

Indoor Seating:
120
Inside Sq. Ft.:
2500+

Highlights

  • Owner Will Carry Up To 50% of Sales Price!!!!!!!
  • Located in a 100+ Year old Hotel, at the Entrance to Lake Arrowhead
  • Full-Service Restaurant & Lounge with hard liquor
  • Best Reputation on the Mountain!
  • Service the hotel clientele too!
  • 2007 results hurt by the fires.
  • Serving Lunch and Dinner -Add Breakfast to Increase Revenue
  • 2006 sales of $702,648 and annual net profit of $115,134.
  • Sunday Brunch Could be Added
  • Low Rent, Low Percentage to Landlord
  • Solid Growing Local Customer Base
  • Full Liquor License Included!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 0 0 0
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 3,074 4,537 4,604
2010 Persons Per Household 2.60 2.65 2.65
Median House Value $303,300 $280,470 $279,292
Income Per Household $69,296 $62,821 $62,622
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 198 250 284
2012 Number Of Employees 3,560 3,862 4,200
2012 Total Annual Payroll $49,634,000 $54,670,000 $63,407,000

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.


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