Restaurant Great Location Rancho Cucamonga

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $70,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $100,000
Inventory: $500 - Included in the Asking Price
FF&E $30,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This restaurant was just recently opened in February 2006. Due to personal reasons, the owners are required to sell the business for much less than their capital investment in building the restaurant. This business is located in the center of major commercial and residential districts New buyers may finance a portion of the purchase price by assuming existing equipment leases, or they may be paid off in the sale. This restaurant is set up to serve any type of food a new owner so chooses.

Facilities:
This restaurant is in a great location. The current lease is good thru February 2010, with an additional 5-year option to extend. The facility is 1,200 square feet with a monthly lease payment of $2,640 including all CAM charges. All of the equipment is new and will transfer with the sale.

Financing:
Not Offered

Support:
4 Weeks at 20 Hours/wk

Competition:
Competition is considered medium as other restaurants exist in the area, however new owners may study the area to capitalize on niche markets not currently served.

Growth:
The new business will be poised for growth. Considering the discount this restaurant will be purchased for, sufficient capital should be available for future operations and marketing.

General Information

Reason Selling: Personal

Number of Employees: 5
Year Established: 2006