Bar & Restaurant in Big Bear Lake
| Asking Price: | $2,299,000 | Inventory: | $20,000 ++ |
| Gross Revenue: | $1,000,003 | Real Estate: | $1,500,000 ++ |
| Cash Flow: | $350,000 | FF&E: | $450,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
ONE OF THE MOST POPULAR STEAKHOUSES IN THE BIG BEAR AREA FOR LOCALS, VISITORS & STARS ALIKE. SEATING FOR 165 PEOPLE, FUN BAR AREA, WELL ESTABLISHED & EFFICIENTLY RUN + ROOM TO IMPROVE. INCLUDES: GOODWILL, BUILDING, LAND, FULL LIQUOR LICENSE & OTHER TRANSFERABLE LICENSES, MACHINERY, FURNITURE, FIXTURES & EQUIPMENT, INVENTORY, NON-COMPETE ETC.. DO NOT DISTURB EMPLOYEES. APPOINTMENT ONLY
About the Business
Year Established:1976
Employees:1 full time - 15 part time
Facilities:Bldg is approximately 4000 sq ft on a 7700 sq ft lot. 20 parking spaces reserved for business + adjacent lots and additional street parking available. Lake views from dining patio area. Inventory of furnishings and fixtures available for viewing in a pdf package with other informative information regarding this property and its income. Non-disclosure agreement required. Please call agent. Location Characteristics: The restaurant located across the street from the Lake with great views from their patio. Big Bear Valley is comprised of numerous small towns. A true four season resort with winter skiing and summer lake activities. The area is driven by weekend and holiday visitors. As many as 150,000 visitors will flock to it's beauty during the 1st snow expected around the 1st week of November or 4th of July weekend or for annual car shows or snowboarding events held here. It is the only year round vacation area within 2-3 hour driving distance of Los Angeles, Orange, Riverside, San Diego & surrounding counties and is swiftly earning the nickname of "the next little Aspen" The Big Bear area is made up of primarily 2nd or 3rd homeowners and varies in price from around $150,000 to 5 million
Market Outlook and Competition:This is the busiest restaurant in Big Bear. When some restaurants are lucky to serve one dinner midweek during the slow seasons, they are consistantly busy with an almost constant revenue stream. This restaurant has a great local reputation and following. American Express gave a yearly credit card review, and showed that the #1 position and #3 position on the list of top zip codes for restaurant patrons was that of Big Bear Lake and Big Bear City. This restaurant has a lot of upside potential and could be greatly improved. Hours could be expanded to include breakfast, the most profitable meal of the day, and happy hour in the bar could be expanded to generate more business. Advertisement could be used to expand clientele. Lastly, this great restaurant could be franchised out to create a larger venue and ownership possibility.
About the Sale
Management Training and Support:will train
Reason For Selling:retirement
Seller Financing:OMC 20% second
Attached Files - Attachment Disclaimer
 | front view - lake visible from side patio seating on the right side | ||
| Patio | ||
| Patio | ||
| Entrance | ||
| Hostess Stand | ||
| Bar | ||
| a portion of one dining room | ||
| A portion of Bar area |
KEYWORDS: restaurant, bar, tavern, Big Bear Lake, San Bernardino mountains, cowboy, cowboy espress, steakhouse, steak, BBQ, lakeview, lakeside restaurant, tourist, ski, village, big Bear Blvd, sports, family, food, drinks,
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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