Established Neighborhood Grill With Beer & Wine For Sale

Business description

This quick service restaurant is located in a quaint shopping center ideally located to serve the immediate neighborhood and its residents. Successfully operated for over 16 years by the existing owners, the business is known for its excellent burgers, a family friendly environment and great customer service. A new owner may continue the tradition of this long standing concept or implement any new concept except for pizza or Mexican food. The restaurant has long been a community favorite spot to enjoy a quality burger and beer while watching the Padres or Charger games, or watch Sunday and Monday night football.

Property information

Real Estate:

Lease

Lease terms:

1,805 sq. ft. for $3,700/month incl. CAM thru 2010

Location:

The business is housed in a 1,805 sq. ft. facility which leases for $3,700 per month. The lease will expire in 2010 and has one 5 year option to renew. All of the business assets will transfer in the sale including the furniture, fixtures and equipment, beer & wine license, name, signage and goodwill.

Other information

Expansion potential:

The business has much room to grow. A buyer may seek to create a tavern style environment which would likely increase beer and wine sales, while providing comfortable setting for patrons to watch local games on the existing flat screen televisions. Additional marketing to the local community via direct mail, mobile advertising and little league sponsorships should also increase revenues and help the buyer capitalize on the 16 years of established goodwill. A buyer may also seek to expand the existing menu with additional items such as salads and vegetarian dishes to cater to additional customers.

Competition / Market:

Competition is low as this restaurant is located in a shopping center within a primarily residential community. The business is complemented by a Mexican restaurant and pizzeria but has little direct competition within the area for its food segment.

Support & training:

2 weeks at 20 hours per week

Reasons for selling:

Personal

Trading hours:

M-Su 11-9

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$1,000