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Victorville Restaurant w/ Liquor, Drive Thru and Building Included

California, Victorville
Asking Price $777,000.00
Gross Income $492,746.00
Cash Flow $492,746.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Specialty Restaurant
Overview
This Victorville restaurant with liquor and drive thru is for sale with an exciting opportunity to also own the building. The restaurant was established in 1993 and has consistently generated significant profits due to the quality food service offered and loyal following. The building was recently remodeled with a first-class restaurant design likely to impress any restaurant operator, as it includes multiple hoods, walk-in coolers and dishwashing stations, resulting in an increase overall efficiency and activity flow.
Business Details
Location and Facilities: The business operates from a 4,500 square foot facility. The seller owns the building and leases the land on a ground lease until 2050 at a rate of $1,500 per month. The asking price includes all of the assets of the business as well as the building. Inventory will be sold in addition to the asking price at cost at close.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: The business has room to grow with increased marketing via direct mail, door flyers, radio ads, and a website that could process online orders as well as delivery. The current owner also has not capitalized on the liquor license and additional revenue that could be generated with proper marketing, event offerings, delivery service, weddings and banquets, etc. Competition is considered medium as other similar restaurants exist in the area, however this business is well established, has an excellent reputation due to the quality food offered, and includes a liquor license.

Reasons for Selling: Personal

Financing:

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