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#498
San Bernardino Restaurant For Sale

Restaurant & Bar with Real Estate Perfect Location For NightClub!

$1,300,000
Sold
Restaurant & Bar with Real Estate Perfect Location For NightClub!
This Listing is Sold
This art deco style restaurant and bar was built in the mid-80's and has been used for both a restaurant and a night club. It is perfect for that chain restaurant that has a night club theme or even a tropical theme restaurant with a sports bar. The owner started rebuilding the inside but different corporate priorities have forced the owner to sell the building leaving it un-done and ready for your new concept. The 7,500 Sq. Ft. restaurant has a large bar area perfect for the exclusive night club with a large and romantic dance floor partially encircled in a block glass wall to the outside. There is a private dining area for those 30 person parties and a large atrium area for that warm tropical feel. The cooling systems have been replaced and the roof repaired. A type 47 liquor license (Hard) is included in the sale. At $173 per sq. ft. this is a steal of a deal given the permits to build in this area would probably cost hundreds of thousands. This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
San Bernardino Restaurant For Sale

Operations

Liquor License:
47
Hours Open:
2
Hood System Type 1:
Yes

Facilities

Indoor Seating:
300
Inside Sq. Ft.:
7500
Total Building Sq. Ft.:

Highlights

  • Perfect for a large chain Restaurant.
  • Great Location just off the Highway
  • 7.500 Sq. Ft.
  • 7 New HVAC Units and fixtures
  • Larger Outside Walk-in
  • Classic Art Deco Design
  • Currently Empty and stripped ready for new concept
  • Great Location with Plenty of Parking with an easement on adjacent lots
  • Great for a New Nightclub
  • Seats at least 300
  • Large Kitchen Area

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
15%
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 40,614 167,557
Households 3-mi. 5-mi
2010 Number Of Households 12,896 55,349
2010 Persons Per Household 2.98 2.86
Median House Value $238,900 $269,796
Income Per Household $64,896 $61,378
Businesses 3-mi. 5-mi
2009 Number Of Businesses 746 3,680
2012 Number Of Employees 33,830 167,182
2012 Total Annual Payroll $551,013,000 $3,583,590,000

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Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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.


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