LOCATED IN DESIRABLE, FAMILY FRIENDLY COMMUNITY IN THE HIGH DESERT!
SBA FINANCING AVAILABLE TO QUALIFIED BUYERS
If you’re looking for an inviting, established restaurant in a growing, family-oriented community with a proven track record of success, we have it here! Not only is this location currently flourishing, the area is growing! Between housing tracts being built within miles of the restaurant and $1.8 billion designated to infrastructure over the next 5 years within a 20 minute radius of the city, the new owner could continue to see a rise in profits in this local favorite.
The restaurant boasts a newly updated interior that has been tastefully crafted.
The location offers:
- HARD Liquor license and a full-service bar
- Sales Increasing Year over Year
- A spacious party room for private events
- Fully equipped very clean kitchen
- Separate Employee restroom
- A customer-friendly atmosphere that encourages people of the community to gather and share a meal with good company
This High Desert Community offers everything from golf to horseback riding within miles of the restaurant! New owner will not only benefit from a well-run operation, but also from an inviting neighborhood that their family can grow with.
Between the updated décor, delicious menu options, full bar, and track record of success, the new owner can focus on growing other parts of the business that have not been reached yet, including developing a website for online ordering. Building out a bigger online presence with the various Social Media Platforms will gain visibility as new businesses and residences move in to the area.
Current hours are M-F 11am-8:30pm, Sat & Sun 8am-9pm. New owner can take advantage of the full bar and popular food items by extending weekend hours for a potential increase in profits.
THE LEASE: Total rent for this 2,500 Sq Ft Restaurant is only $4,352 per month which is running at 7.7% of current 2017 sales! Lease runs through Oct 2020 with a 5 year option available.
THE NUMBERS: Adjusted annual net income in 2017 was just under $94,000 on revenues of $677,000 with revenues continuing to grow. Food costs are 32.6% while labor costs are 34.1%, so there is room for improvement for a working owner.
SBA LOAN: With 20% down or about $50,000 this business could be yours if you have the experience, good credit and the down payment. The monthly principle and interest payments would be about $2,350 for 10 years.
ABSENTEE: Currently there are no owners working the business in any position, though they spend a fair amount of time coming in and visiting with guests and to keep an eye on operation.This could be the perfect restaurant for a Family Run Business where family member could partake in the present labor costs as they step in and fill various positions in the operation limiting outside labor needs.
The new owner will be able to keep the name and concept. The sale includes the goodwill, liquor license and equipment.
This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021