American Cuisine / Steak House with Full Bar

Rancho Cucamonga, CA
San Bernardino County


Asking Price: Annual Revenue:
$699,000 $1,900,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: American Cuisine / Steak House with Full Bar Broker: Steve
License #: DRE#02023864

Quick Facts

Asking Price: $699,000
Annual Revenue: $1,900,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 25
BBN Listing #: 316557972
Broker Reference #: 19009ST

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Business Overview:

Established in 1998, this upscale Steak House brings the dynamic style and taste of East Coast’s finest restaurant to the Inland Empire. Sophisticated without being stuffy, classic yet not confining, this restaurant is the premier dining destination for those who appreciate great food and outstanding service.

Become your own landlord if you decide to purchase the property and avoid rent increases of 3% and see your property’s value increase over time at the same time. This beautifully decorated restaurant was built for a purpose and it was designed with all the amenities needed for a high volume restaurant. The main floor has over 6000 SF of space including a piano bar, Cigar Patio, wine cellar, and multiple banquet / private dining rooms.

The second floor holds additional dining room and patio for private events, an office and storage area. This can be easily converted for office use. It is served by a private elevator and staircase, allowing ease of access to the upper floor.


PROM FORMA ANALYSIS
Sales: $1.9m
Rent: $216,000 a year / $18,000 a month
COG: $57O,000 a year
Payroll: $570,000 a year
Misc expenses: $190,000 a year (utilities, credit card fee, repairs and ... )
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Net potential income: $354,000

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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