Fine Dining Restaurant with full bar & Outdoor seating

La Verne, CA
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Asking Price:$2,490,000
Gross Revenue:$3,000,000
Rent:$7,180
FF&E:$100,000
Cash Flow:$600,000
Inventory:$30,000
EBITDA:$600,000
BUSINESS DESCRIPTION

A fine dining gem serving classic and upscale American cuisine favorites such as Prime Steak, freshest seafood, craft cocktails, and fine wines in San Gabriel Valley is up for sale in a rare opportunity to continue success. Aside from strong sales of over $250k a month, this restaurant has an extremely low rent of $7k a month or less 3% which is unheard of Southern California.

2023 Financials (monthly)
Sales: $255k
Rent: $7100
Payroll: $73k
Cost of Goods: $87k
Uncontrollable: $38000
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Monthly profit: $50k or $600k a year

A strong financial statement and experience resume are a must before disclosing the address, summary etc.


DETAILED INFORMATION
Location
La Verne, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
31/07/2034
Employees
25
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
SBA 10% down & Non-collateralized (up to $500k) financing options available
Reason for Selling
Retiring
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