Italian Diner: 6-Day Run. Rev $810K, Net $120K, SBA OK, Prc $325K

Alta Loma, CA (San Bernardino County)

Italian Diner: 6-Day Run. Rev $810K, Net $120K, SBA OK, Prc $325K
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Asking Price: $325,000

Cash Flow: $120,000

Gross Revenue: $809,413

EBITDA: N/A

FF&E: N/A

Inventory: $12,000*

Rent: $6,705 /Month

Established: 2012

*not included in asking price.

Italian Diner: 6-Day Run. Rev $810K, Net $120K, SBA OK, Prc $325K

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Business Description

> An authentic Italian Restaurant, well-structured and located in a ‘prime’ spot of mid-sized strip center where all the action takes place. Nearby Fwy 10.
> It is Turn-Key. Only open 6 days in very short hours from 11:30 am to 3 pm and 5 pm to 9 pm, Mon-Sat. Closed on Sundays. Beer and Wine license included
> Approx. 1950 sq. ft. of interior space with walk-in cooler, freezer and spacious dining room
> Rent is not bad, especially considering it is in a prime spot. A good business for an owner-operator. The long-term new lease can be available for qualified buyers.
> The seller highly motivated. For more, see below:
• Gross turnover are an average of 67,451 per month, based on 2018 records
• Monthly net income, including the wages of both sellers, is well over $10,000
• Cost of goods sold equals an average of 27.1% or less
• Premise Sq. Ft is approx. 1950
• More than 40 seating capacity
• Current rent is $6,750 including NNN/CAM
• Almost 1 year leftover on the lease plus 5-year option. To secure a long-term lease interest, buyers must apply for a new lease of 5+5
• Very short open hours are 11:30 am to 3 pm and 5 pm to 9 pm form Mon-Sat
• Employees are 4-5 FT and 6-7 PT and wages are about $21,500 per month. 2 sellers work part-time
• Semi-absentee run. One owner manages the entire business operations as much as need or helps assist in operations whenever needed. No cooking or serving
• Good parking space in front and at the mall
• SBA loans w/a 30-50% down are available. W/$110,000 down, an installment of $1,306 estimated for 10 years at 7.5% annum. Interest rates may differ depending on the buyer's credit score and SBA loan scoring system
• For your quick inquiry, please sign and return the online NDA form attached hereto
• Contact Kevin Kim at beeinvest.kim@gmail.com. For a voice mail or text message at (714) 345-6514

Attached Documents


Detailed Information

Location:
Alta Loma, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,950
Lease Expiration:
N/A
Employees:
11
Facilities:
Full kitchen, Beer & wine license, Walk-in cooler, Walk-in freezer, Pizza oven, Hood & grill, Gas stove, Workspace, Storage, Own drink/dessert station, Fancy deco & interior, Hot spot in the mall, Great exposure. Close to Fwy 10 Exit
Competition:
Yes. There are a variety of restaurants in the mall and in the nearby shopping center.
Growth & Expansion:
Activities in the area not in particular. New construction taking place around. Fwy 10 construction vividly seen. Cons: temporarily heavy traffic congestion in the area due to Fwy construction
Financing:
N/A. Possible SBA
Support & Training:
2 weeks after closing escrow
Reason for Selling:
No longer want restaurant business
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Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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