Duck Meat Spe BBQ- Solid Gross $960K Net $210K, at $450K, OC

Ontario, CA (San Bernardino County)

Duck Meat Spe BBQ- Solid Gross $960K Net $210K, at $450K, OC
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Asking Price: $450,000

Cash Flow: $210,000

Gross Revenue: $960,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $7,380 /Month

Established: 2001

*not included in asking price.

Duck Meat Spe BBQ- Solid Gross $960K Net $210K, at $450K, OC

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Business Description

> Once in a generation acquisition opportunity that has been a bastion of the community for many decades.
> Located on the front of the strip mall on Beach Street, it is well exposed from all sides, so it's free to advertise restaurant location.
> Simplified menu offering carries the standard fare for specialty duck meat BBQ using a Stone Stab that is at an angle over the heat, so the juices run off the meat.
> Here is a kicker that lets you drink more Soju.
> Tight footprint and a favorable market lease that will be transferred to the Buyer with 2 years left with a 10-year long-term option available.
> Fully help run- one owner works about 20 hours a week only for managing.
> Suggested by the Seller to increase revenues and profits to stay open until 2 am to get the hungry bar crowd, since CUP allows ‘til 2 am.
> This is a turnkey opportunity that will be good for owner-operator
> Gross sales for summer top out at ~ $85K, and bottom out in the dead of winter at $75K.
> NDA is required for exact business address to do a "walk-by".
• Monthly gross turnover averages $80,000 or more, of which credit card sales accounted for about 75%
• Monthly net income averages between $15,000 and $20,000
• Beer & wine served
• Cost of goods sold equals on average of 30% or lower
• Very reasonable monthly rent is $5,730 and $1,650 for 3 NET/CAM
• 2 years remaining on current lease plus 10 yrs option
• Hours are from 11 am to 10 pm Monday through Saturday, from 2 pm to 10 pm on Sunday
• Employed 1 full-time and 10 part-time, paying about $23,000 per month
• Almost help-run. One owner manages the business and help assist in operation whenever needed
• Established for decades and operated for 18 yrs by the current owner
• Ample strip center parking available
• SBA loans are available for $140,000 down. Monthly amortization expected approx. at $3,740 over 10 years at 7.5% annum
• Sign and return an online NDA form attached for your quick inquiries
• For more details, contact Kevin Kim at beerealty.kim@gmail.com or (714) 345-6514
• Strongly recommend to visit to our office to learn more about it

Detailed Information

Location:
Ontario, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
3/31/2031
Employees:
11
Facilities:
Full kitchen, Ice Machine, Coffee / tea brewers, Walk-in freezer, 12 feet hoods and grill, Salad refrigerators, Built-in food warmers, beer and wine refrigerator, Well maintained counter, Fashionable decorations all around the dining room
Competition:
Yes. Korean BBQ aurants
Growth & Expansion:
Extend open hours until 2 am
Financing:
None. SBA loan possible
Support & Training:
2 weeks training after closing
Reason for Selling:
Retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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