Charming restaurant in Rialto city currently serving mix of African and Mexican cuisine. Current owner opened this restaurant 6 years ago and invested $250,000 in build-out and equipment. It's located in a strip mall with no other restaurants around. The area is safe, they never had a break-in. Lease is currently month-to-month, however landlord is willing to sign long-term lease. Rent is very cheap, only $0.70 per sq.ft.
The restaurant can seat 24 patrons inside. Interior is well-decorated, providing cozy, warm atmosphere. They have big screen plasma TV, so patrons can watch favorite shows while having dinner. Restaurant has Beer and Wine license. Currently they serve dinner only, there's opportunity to add lunch, and possibly breakfast. The restaurant also offers catering services and has 3-4 large catering events per month. They hire additional help for catering. The menu can be easily changed to any type of cuisine by new owner.
Kitchen has 8ft hood and two stoves with 4+6 burners. They have two freezers, one fridge, 4-sink wash station, prep tables, 8 storage racks, syrup machine for fountain drinks, a lot of catering supplies. Facility has closed kitchen, storage room and another storage closet, two bathrooms. Everything is very, very clean and in good working condition.
Owner had plans for expanding the restaurant, however health conditions doesn't allow to run business any more and forces to sell. The price is practically covers cost of equipment. Financials won't be provided, however qualified buyer will be able to observe operation. The owner offers extensive training free of charge. Seller is very motivated. Make an offer!
Property/Lease
Rent:
$850.00
Expires:
mo-mo
Size (Sq. Ft.)
1200
Financials
FF and E:
$120,000.00
Monthly Sales:
$9,500.00
Monthly Cashflow:
$5,000.00
Annual Cashflow
$60,000.00
For more information, please contact Jacob Berenfeld dat 888-521-4440.
