PRICE REDUCTION: Breakfast, Lunch and Dinner Cafe

Lake Elsinore, CA (Riverside County)

Busy, Breakfast, Lunch and Dinner!
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Asking Price: $150,000

Cash Flow: $86,325

Gross Revenue: $422,194

EBITDA: $86,325

FF&E: $45,000

Inventory: $7,500*

Rent: $3,250 /Month

Established: 2006

*not included in asking price.

PRICE REDUCTION: Breakfast, Lunch and Dinner Cafe

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Business Description

This restaurant is located in the Lake Elsinore area, on an end cap location, and is a destination for locals, regulars and sky divers frequenting the area.  There is a large, easy in and out parking lot to accommodate hungry patrons for breakfast, lunch and dinner.

The owner has done an incredible job of building repeat clientele, and the 350+ 4-star online Yelp and Google reviews prove it.  There have been many upgrades to the space, including new ceiling tiles, water heater and fryer.  The restaurant has a 41 license and offers several premiere on-tap craft brews.  In addition, the restaurant features a large production kitchen with dual hot lines, two hoods, and a separate prep room to accommodate high volume!  All the equipment is brand name and well maintained. The space also provides a large walk in refrigerator to hold all inventory and beer kegs.

The seller has been offered an opportunity to buy into his dream business; unfortunately to pursue that opportunity he is required to sell the restaurant.  The owner has done all the leg work beefing up this location, but has yet to reap all the benefits.  Take advantage of this transition and pick up where the owner must leave off.  Lots of ways to increase revenue: there is neither website nor social media presence; offer promos and engage your online target market!  Additionally, leverage the immense production kitchen and hone in on catering the local market to increase the bottom line!  This space previously boasted a 47 license, re-apply and grow revenue and profits.

This is a fantastic opportunity to step into a well-established, local, profitable restaurant.  Do not hesitate, as this opportunity will not last.

Detailed Information

Location:
Lake Elsinore, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
6/30/2022
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Low rent Consistent local & regular repeat business End cap space,with easy in and out parking Large production kitchen with dual hood hot lines 41 License with 13 craft beer taps
Reason for Selling:
Other Business Opportunity
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Robert Marshall

Business Listed By:
Robert Marshall

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Sponsoring Broker:
Sean Edelstein

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