Want to Visit This Restaurant? Select "Want Name/Address."
Seller May Carry part of purchase price to credit worthy buyer! Price Reduction and Owner wants this sold!
Owner has clean books and is working at the restaurant 50% of the time. Sales for the business average $1-1.3 Million per year. Sunday Brunch has grossed $10K per Sunday and it can go higher. Owner is not doing any events or catering, which is a huge upside for a new buyer. Owner is motivated so bring your offers!
Owner drops price and wants to move on to his other business interests. Great opportunity on this MONEY MAKER!.
Restaurants in the downtown area are sizzling hot right now and they continue to develop with the City funding several cultural and UC college events. Many of these restaurants are doing in excess of $5 Million per year and offered now is a sleeper that is under performing because the owner has too many other business commitments to see this through.
HIS LOSS IS YOUR OPPORTUNITY
Over 6,000 sq ft beautifully decorated restaurant with a huge following is on the market. Diners love the outdoor patio with the classic old world architecture and Sunday Brunch is a madhouse at this place. Currently operating as a Mexican Restaurant but bring your concept.
There is a 47 license and house made margaritas are a specialty. This restaurant is a popular lunch destination. After the day has ended it's time to relax and this restaurant specializes in just that.
Lease is very favorable at $14,000 per month and Landlord is very easy to work with. Options in the lease ensure a long tenure to capitalize on a thriving marketplace.
Owners P & L shows a net profit of $64,992 for the YTD period ending July 31, 2018.
Current owner is not doing any catering and only small banquet business. Great opportunity exists here.
If you haven't been to the Mission Inn lighting Festival in November you are going to be amazed at the number of people coming to the downtown area. Last year over 750,000 visited this area during a one month celebration where the famed hotel turns on 5 million lights.
For restaurants in the area this is the very best news because many quit taking reservations because the lines are snaked around the block.
Do yourself a favor and look at this opportunity and you may realize you can really make some money in this thriving downtown area.
This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280