Business For Sale Listing 142197
Steakhouse & Bar in Mountain Resort Area
Status as of Jan-8-2009 at 06:02 PM: Off The Market
Business Summary
There is a lot of untapped potential in this full-service Steakhouse & Bar, located in a Southern California mountain resort. The establishement has been a tradition in the area for many years. The food is delicious and hearty with a relaxed and fun atmosphere.
The restaurant is open seven days a week for lunch and dinner. Annual sales are ~$1.33 million with an adjusted cash flow of ~$210K.
Bar sales could be increased substantially by extending the bar hours past the current 9:00/10:00 closing times and adding live entertainment. There a full liquor license. Food sales could also be increased by adding a breakfast shift.
The restaurant is in a high visibility stand-alone building. There is a great lake view from the restaurant and outside patio. There is ample parking on-site as well as additional off-site parking. The restaurant currently seats 72 in the main dining area, 42 in the bar area and 40 on the outdoor deck (seasonal). Additional seating could be added.
The restarant is mostly employee run with the owner working about 20 hours per week. The location is exceptional and there is conversion potential to other concepts.
The building is also for Sale for $1,859,000. The restaurant is in a high visibility stand-alone building. There is a great lake view from the restaurant and outside patio. There is ample parking on-site as well as additional off-site parking. The building is approximately 3,060 square feet.
Categories
| Industry: |
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| Location: |
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| Other: |
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Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (1,333,734) |
| Profits: |
Between $100 Thousand and $500 Thousand (209,478) |
| Profit Type: |
Cash Flow |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $500 Thousand and $1 Million (599,000) |
