PRICE REDUCED: 47 Licensed Waterfront Restaurant

San Bernardino County, CA

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Asking Price: $299,000

Cash Flow: $103,136

Gross Revenue: $1,401,955

EBITDA: $103,136

FF&E: $45,000

Inventory: $15,000*

Rent: $12,212 /Month

Established: 2018

*not included in asking price.

PRICE REDUCED: 47 Licensed Waterfront Restaurant

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Business Description

What does an experienced restauranteur do with a prime location with a centralized kitchen in the middle of two huge dining rooms? Build a profitable dual concept restaurant! These two restaurants are under one roof; the left half is a high end seafood restaurant, and on the right is fine dining.

It's hard to say enough good things about the restaurant. The space is well utilized and the solo kitchen efficiently serves both concepts. The restaurant offers fine dining with a fireplace and lake views! The cozy rustic wood and brass bar is affixed with ample back bar refrigeration and storage. The seafood restaurant offers an authentic ambiance. There is also a shared 47 licensed patio that offers gorgeous panoramic lake and mountain views. With a 4.5 star rating with 150+ reviews across Google, Trip Advisor & Yelp, they're clearly doing something right!

Unfortunately, the owner has serious health concerns and will be unable to ramp up this business; his great start is your gain. There is virtually no social media or website presence; he's gotten this far strictly on word of mouth. Invest in marketing and begin expanding the catering and events side to the broader local residential and business community. During the busy season, open during the weekdays (currently only operating evenings Mon-Fri) and see a huge boost in revenues. Stock the 47 licensed back bar with alcohol and start realizing those fantastic margins. In addition, once the dinner rush ends, keep the party going with a DJ or band until 2am to grow the bottomline!

This is an amazing opportunity to leverage a very well run turnkey dual-concept restaurant. Do not hesitate on this incredible mountain restaurant location; it will not last.

Detailed Information

Location:
San Bernardino County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,375
Lease Expiration:
5/1/2028
Employees:
33
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lake View Dining, Patio & Boat Access Dual Concept to gain more market share Incredible Exposure-front doors open to the main village Large production kitchen equipped with walk in refrigerator and freezer (2) 47 Licensed Bar Large fireplace in dining room
Support & Training:
Owner Will Train
Reason for Selling:
Serious Health Concerns
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Robert Marshall

Business Listed By:
Robert Marshall

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Sponsoring Broker:
Sean Edelstein

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