PRICE REDUCED: 47 Licensed Waterfront Restaurant

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Asking Price:
$299,000

Gross Revenue:
$1,401,955
Cash Flow:
$103,136
EBITDA:
$103,136
Inventory:
$15,000
not included in asking price

FF&E:
$45,000
included in asking price

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Business Description

What does an experienced restauranteur do with a prime location with a centralized kitchen in the middle of two huge dining rooms? Build a profitable dual concept restaurant! These two restaurants are under one roof; the left half is a high end seafood restaurant, and on the right is fine dining.

It's hard to say enough good things about the restaurant. The space is well utilized and the solo kitchen efficiently serves both concepts. The restaurant offers fine dining with a fireplace and lake views! The cozy rustic wood and brass bar is affixed with ample back bar refrigeration and storage. The seafood restaurant offers an authentic ambiance. There is also a shared 47 licensed patio that offers gorgeous panoramic lake and mountain views. With a 4.5 star rating with 150+ reviews across Google, Trip Advisor & Yelp, they're clearly doing something right!

Unfortunately, the owner has serious health concerns and will be unable to ramp up this business; his great start is your gain. There is virtually no social media or website presence; he's gotten this far strictly on word of mouth. Invest in marketing and begin expanding the catering and events side to the broader local residential and business community. During the busy season, open during the weekdays (currently only operating evenings Mon-Fri) and see a huge boost in revenues. Stock the 47 licensed back bar with alcohol and start realizing those fantastic margins. In addition, once the dinner rush ends, keep the party going with a DJ or band until 2am to grow the bottomline!

This is an amazing opportunity to leverage a very well run turnkey dual-concept restaurant. Do not hesitate on this incredible mountain restaurant location; it will not last.

About the Business

Location:
San Bernardino County, California
Year Established:
2018
Number of Employees:
33
Real Estate:
Leased
Building Sq. Ft.:
4,375
Rent:
$12,212.00 Per Month
Lease Expiration:
5/1/2028
Facilities:
Lake View Dining, Patio & Boat Access
Dual Concept to gain more market share
Incredible Exposure-front doors open to the main village
Large production kitchen equipped with walk in refrigerator and freezer
(2) 47 Licensed Bar
Large fireplace in dining room
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About the Sale

Reason For Selling:
Serious Health Concerns
Training/Support:
Owner Will Train

Listing Info

ID:
1607968
Ad Detail Views:
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Business Listed by

Sean Edelstein

BottomLine Business Brokers
License# 00981611

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