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For Sale: Steakhouse Restaurant - Absentee Run - Chino, San Bernandino County

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Current Status: Active     Posting #: 250537     Last Refreshed: 6/24/19     BRE License #: 01113651    
Contact: Jerry Diza At 949-424-6065  -  Also Email This Contact Below
Price:  $890,000     Down:  Call     Adjusted Net:  $260,000     Revenue:  $1,400,000    
Business Address:  None Given     City:  Chino Hills     Zip:  None Given    
Attributes:  Absentee Run, Semi-Absentee Run, Training & Support     Cooperation With Brokers?  Call
Chino, San Bernandino County Steakhouse Restaurant - Absentee Run Business For Sale

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  Description About This Posting: Steakhouse Restaurant - Absentee Run
A full blown local steakhouse with type 47 liquor license situated in a neighborhood setting. Casual environment serving upscale prime/choice steaks fish and other meats. Also serves casual plates such as burgers and fries. An environment set for a power business meeting, a celebration or just a casual night out. A perfect place for large party gathering and events.

Demographics:
Per city-data website, this city has:
Estimated median income of approximately $76k in 2016
Population of over 88k in 2016.
Median price of a detached home: $411k with median rents at $1463 in 2016

Equipment:
Back of house: type-1 hood, grills, fryers, grease trap, prep tables, walk-in freezer/cooler.
Front of house: pos system, chair and tables and bar.
Facilities & operations:
3,600 sq ft in a residential area. Has a type 47 liquor license. Dining space and bar area serving

Cocktails, wine, beer and hard liquor. Full service steakhouse with a butcher setup to buy meats to-
Go. 5 years left on lease, with 2-5 year options. Clean books.

Current management & labor:
Absentee ownership with a general manager making about 72k per year. With manager, labor runs
About 30%. Clean books.

Marketing opportunities:
All marketing is done by word of mouth. No outside marketing other than the many clients that boost
Its online presence.

Financial summary:
Sales: 120k (1.4 million year), rent: 12.1k (10%), labor: 36k (30%), cog: 39k (32%), misc: 12k (10%).
18% cashflow! 260k yearly net.

To get more information about this Steakhouse Restaurant - Absentee Run business for sale in Chino, San Bernandino County please phone Jerry Diza (Intermediary, Broker - BRE License #:01113651) at 949-424-6065 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #250537 on BizBen.com. In addition to phoning Jerry Diza, make sure you email Jerry Diza above to get more info about this Steakhouse Restaurant - Absentee Run, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


  Helpful Resources To Assist In Selling And Buying California Businesses

Mike Brewer: Liquor License Brokers, ABC Consulting Services

Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Helen Yoo: Escrow & Bulk Sale Services - Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.


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