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For Sale: Restaurant, Bar Full Liquor - High Gross, High Net - Upland - Ontario Area

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Current Status: Active     Posting #: 250459     Last Refreshed: 3/7/19     BRE License #: 01397200    
Contact: Mani Singh, CBB At 951-296-7646 Cell  -  Also Email This Contact Below
Price:  $1,700,000     Down:  $10-20%     Adjusted Net:  $556,000     Revenue:  $2,852,000    
Attributes:  Absentee Run, Semi-Absentee Run, Training & Support, Owner Financing     Cooperation With Brokers?  Call
Upland - Ontario Area Restaurant, Bar Full Liquor - High Gross, High Net Business For Sale

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  Description About This Posting: Restaurant, Bar Full Liquor - High Gross, High Net
Rare opportunity to own an well-established, high gross, high net, 100% absentee owned and employee operated restaurant & bar with full liquor (ABC-Type 47) license in the very desirable Upland/Ontario area, County of San Bernardino.

This business establishment with ample seating capacity attracts patrons for a quick business lunch to a fun filled night out with friends and family.

Upon arrival, this establishment pampers it's guests with a large selection of draft beers on tap, a full bar, mouthwatering menu, music, multiple flat screen televisions, providing an enjoyable entertainment atmosphere.

Additionally, current ownership dedicates almost no time and resources for advertisement and promotion of this business and most of its clientele is established repeat, referral or location driven, therefore, upside potential, additional revenues and resulting higher bottom line may be realized by actively engaging in advertisement campaigns and utilizing social media.

Sellers maintain a full complement of staff and this asset is being 100% employee run with managers and full complement of staff at very high payroll related expenses.

Total Number of Employees: 60+-
Annual Payroll Expense: $900,000.00+
Therefore, a higher bottom line may be realized for an incoming buyer by controlling payroll related expenses.

Furthermore, this business is located in an exceptionally busy shopping area ensuring a large volume of vehicle and foot traffic. Growth in surrounding area may result in even higher traffic and added future potential.

100% absentee ownership, full complement of staff, very busy major street location along with opportunity for expansion and growth presents a rare acquisition opportunity.

Gross Sales: $2,852,000

SDE after Normalization: $556,000

SBA financing in conjunction Seller carry note may allow a qualified buyer with industry experience to successfully consummate this acquisition with very low-down payment of 10% - 20% lowering the financial bar to entry.

Qualified buyers are invited to initiate contact. All inspection and viewing of 'Back of the House' are by appointment only. Please note, that business location will ONLY be disclosed after a qualified NDA has been completed and executed.

To get more information about this Restaurant, Bar Full Liquor - High Gross, High Net business for sale in Upland - Ontario Area please phone Mani Singh, CBB (Agent - BRE License #:01397200) at 951-296-7646 Cell - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #250459 on BizBen.com. In addition to phoning Mani Singh, CBB, make sure you email Mani Singh, CBB above to get more info about this Restaurant, Bar Full Liquor - High Gross, High Net, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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