Business For Sale Listing 140648
Temecula Restaurant and Bar - a Rare Find
Status as of Jan-8-2009 at 06:02 PM: Off The Market
Business Summary
This absentee owned Temecula restaurant and bar is ideally located in a rapidly growing area just off of Interstate 15. The restaurant has a mid range to high-end all-American food concept that has over 200 franchisees worldwide. While the new owners may not necessarily be required to maintain the concept, they would likely seek to as its name and reputation for high quality food speak for themselves. The restaurant has been in operations for approximately 15 years, and has achieved a stable revenue base which continues to grow. The facility employs 25 knowledgeable employees, with the sellers and franchisors providing the requisite training.
The 7,000 sq. ft. facility leases for $15,000 per mo. (incl. CAM) with 14 years remaining on the long term lease, plus a ten year option. The sale includes a liquor license, a fully stocked bar, and a spacious kitchen. With the exception of items which are typically leases (credit card machine, ice machine), all equipment will be paid off in the sale. All franchise assignment fees and franchisor training courses will be including in the sale.
This restaurant is considered an international favorite for its unique segment of specialty American Cuisine. Nearby competition would be comprised of lower end family style diners or predominantly male oriented bar operations.
New active owners will likely grow the business in a variety of ways. They will seek to capitalize on this location's banquet room to host private parties and corporate events as no other locations have such amenities nearby (incl. neighboring hotels). New owners will seek to market to neighboring businesses, hotels and their guests via the implantation of a loyalty type of program, general ads, as well as coupon offerings designed to entice local professionals and hotel guests to bcome loyal clients for years to come.
The facility employs 25 knowledgeable employees, with the sellers and franchisors providing the requisite training.
Categories
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Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (1,080,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (168,000) |
| Profit Type: |
Cash Flow |
| Asking Price: |
Between $100 Thousand and $500 Thousand (379,000) |
