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.