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Advert Ref: 1142

Rare and Elegant European Style Fine Dining Restauurant For Sale

Details: Asking price:$250,000; Sales revenue:$484,619; Net profit:Undisclosed; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Selling Restaurants is proud to present this very rare opportunity to own the pride of Lake Arrowhead area. Are you a trained executive chef doing upscale European menu's? Then stop building someone else's business! Don't let this one slip by and jump on this great opportunity! The restaurant has a warm European feel and look with white table cloth and rich dark colors throughout. There are over 2,500 square feet, with a breath taking and elegant European decor. Price includes sound system and baby grand piano! This is TURN KEY! Lease is $4,400 per month, plus 5% of gross. Add room service and breakfast to increase revenue. A beautiful bar with full hard liquor license. Don't miss out! This restaurant was doing over $700,000 annual gross sales, but in 2007 sales were hurt by the fires, so this price is cheap relative to 2006 sales of $702,648 and annual net profit of $115,134. There are tax returns available to verify these numbers.

General information: Years established:2001; Employees: 2 full 3 part; Trading hours: 12pm to 9pm; Real Estate: Lease; Lease terms:120 seats Type 47 2500+ sq ft $4400/mo