$199,000.00
Asking Price
Address: Claremont, 91711.
Status: Active
Posting ID: 285557
4/10/24
Description
This restaurant is in a busy shopping plaza with 3 major anchor tenants in place. The shopping plaza is located on the busiest thoroughfare in the city. It is also next to the 210 freeway and minutes from the 57 freeway, making the restaurant easily accessible to major freeways. There are a number of apartments and homes around the restaurant, with a popular golf course just minutes away.
The location consists of a 2 separate dining areas and a cozy cantina. The dining area can accommodate up to 125 patrons, while the cantina can accommodate 18 patrons. The semi-private dining area is perfect for parties and can hold up to 35 patrons. It also has a heated patio perfect for outdoor seating.
The restaurant is approximately 3,400 sq ft and ample shopping center parking. Rent is reasonable at $6,800 per month including CAM.
The restaurant is under-utilized. Current owners are retiring and are not promoting catering at the premises. The Cantina has a full liquor license and the new owner can easily increase revenues by offering additional happy hour specials, private events, catering, and special events.
2023 revenue is $676,287. If ran at industry standards and with current sales, new owner can expect a $120k net profit. The average revenue per foot is $198/ft, well below what the restaurant should be generating based on the full liquor license and type of food served. The restaurant has a type 47 liquor license but owners are retiring and are not running the restaurant at full capacity, allowing a new owner to easily increase revenues.
To get more information about this Mexican Restaurant - With Full Bar, Busy Plaza business for sale in Claremont please phone Steve Torabi (Intermediary, Broker - BRE License #:02022773) at 949-427-0414 Cell and 949-424-6065 Office - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285557 on BizBen.com. In addition to phoning Steve Torabi, make sure you email Steve Torabi above to get more info about this Mexican Restaurant - With Full Bar, Busy Plaza, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01113651. Pacific Reliance Business Brokers.
Contact
Details
Asking Price: $199,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $678,000.00
Area: Claremont
City: Claremont
Attributes:
My Notes About This Listing
Cash flow
$1,000
Revenue
Call/Email
Down
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Revenue
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Down
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Cash flow
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Revenue
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Down
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Down
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Down
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Revenue
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Down
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