Fully Renovated Restaurant & Bar Asset Sale

Corona, CA
San Bernardino County

Busy Shopping Plaza

Asking Price: Annual Revenue:
$195,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Fully Renovated Restaurant & Bar Asset Sale Broker: Christina Lazuric Woscoff
License #: 01495314

Quick Facts

Asking Price: $195,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: Not Disclosed
BBN Listing #: 242363614
Broker Reference #: CW210

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Business Overview:

This restaurant has always been busy and successful. Unfortunately, the sellers took their previously successful sports bar and restaurant and crafted a contract with Taps Restaurant to take over the management of the business during COVID. It got renovated completely and then ran as Taps Brewery and Kitchen for the last year doing over $100K a month in sales consistently. The current situation finds the original sellers in a dispute with Taps, who have now closed the location.

The lease is in the original seller’s name and the landlord will work with them to approve a new tenant. This is an excellent opportunity for an experienced restaurateur to walk into a gorgeous fully renovated restaurant with a full liquor license in a very busy plaza with anchor tenants. This transaction will go through a bulk sale escrow to clear to close for the security of the buyer.

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Property Features and Assets:

LEASE/TERMS: Currently closed - need to renegotiate lease TYPE OF BUILDING: Shopping Plaza LEASE INFO: $7,817.27 Lease $2,720.10 CAM $10,537.37 Total SQUARE FOOTAGE: 2,997 square feet SEATING CAPACITY: 80 inside, 36 outside SECURITY DEPOSIT: Approx. $10,000 Asset list • Norlake Beer cooler (keg cooler) • Everest Refrigeration 3 door cooler x2 • Refrigeration cooler 2 door • Everest Refrigeration 2 door stand up freezer • Norlake walk in refrigerator 7ft x5ft • Middleby Marshall double pizza oven • salad and pizza cooler 3 door • Southbend Oven and stove top • Grill • Flat Top • Manitowoc IDT-1500N NXT Series 48" Remote Condenser Full • Size Cube Ice Machine - 1675 lb. • Manitowoc D970 Ice Storage Bin - 882 lb. • 10 Lancaster Table & Seating Deluxe Crimson Barstool with 19" • Wide Bucket Seat • 40 BFM Seating PH302BBR-BZ Bayview Bronze Aluminum Bar • Height Chair with Brown Synthetic Teak Back and Seat • Avantco SS-UC-27F-HC 27" Undercounter Freezer • Frymaster Fryer • Pitco Fryer • Dry Storage shelving racks

Reason for Selling:

Getting out of Restaurant.

Additional Details:

  • The property is leased.
  • 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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