Cuban & Italian Restaurant/Bakery

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Restaurant and bakery
Asking Price:
$155,000

Gross Revenue:
$170,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Established Cuban and Italian restaurant with beer and wine license. Full kitchen with lots of space for cooking and prep. Large dining room with floor to ceiling windows and custom lighting. Pastry, cappuccino/espresso bar. All the dishes are family recipes from Naples, Italy: Lunch and dinner dishes including a bakery full of Italian deserts, including Cuban dishes from the shores of Cuba. Great opportunity to take over an existing loyal customer base and add your own touch. Custom events in the wine country and other catering business that add to the bottom line. Beer and Wine license and live entertainment licence included. They started the live music on Friday and Saturday nights and have had much success with the weekend late crowed. Because of family developments the owners need to cut back on hours and sale the business to focus on family matters. Location is excellent situated just off the freeway on a busy street with two other anchor restaurants and a large parking area. In addition this is less than 1/2 mile from Old Town Temecula a hot spot for dining and entertainment. Just extended a very favorable lease for 2 more years. Hours open 11:00-2:00 and 5:00-8:00 closed on Sundays.

About the Business

Year Established:
2015
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
1,970
Lease Rate/Sq. Ft./Mo.:
$1.63
Lease Expiration:
6/30/2020
Facilities:
Full kitchen for lunch and dinner and complete bakery. Large dining hall large enough to have live music and dancing on weekend nights to take advantage of the nearby Old Town entertainment district. Huge amount of parking for easy access.
Growth & Expansion:
Excellent location with 2 large restaurants on either side and huge parking lots. New car wash across the street and just off freeway with tons of traffic. Many of Temecula high tech business are nearby and just outside of Old Town.
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About the Sale

Reason For Selling:
Family matters forcing relocation.
Training/Support:
2 weeks of training.

Listing Info

ID:
1412988
Ad Detail Views:
73

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Business Listed by
Douglas Wilson

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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