BizEx277-KF: Santa Clarita Restaurant and Bar

Background:

General Location:Santa Clarita, CA
Category:Restaurants > Restaurant
Restaurants > Other Eating & Drinking Places
Years in Business:30
Under Present Owner:2
Hours of Operation:7 Days 11-10 Bar 11-2
Owner Hours:Full time
Training:2 weeks, 20 hours/week
Organization Type:S Corp
Lease Expiration:September 01, 2010
Lease Options:None
Building Size:4,500 sqft
Employees: FT; PT

Reason for Sale:
Capital issues

Financials

Asking Price:$0
Down Payment:Negotiable
Gross Sales:$640,000
Discretionary Cash Flow:$50,000
FF&E:$ 175,000
Inventory Included?Yes
Inventory:$ 8,000
Minimum Operating Capital:$
Real Estate Available?No
Real Estate Asking Price:$
Rent:$ 8,600/month
Payroll:$ /month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Business for sale is a long established restaurant and bar located in the Santa Clarita area. The business is theme oriented and has been a local favorite for thirty years. The restaurant has a banquet room with seating for 75. The main dining room has room for 90 and the bar has space for 66. There is a large outside patio portion as well. The current owner had worked for the prior owner for years before taking ownership of the business and freely admits that there is more to running an operation of this size than was first expected.

A single type 47 liquor license is included in the purchase and is all that is required to sell alcohol in either the bar or restaurant.

For more information please go to www.bizex.net and register as a buyer or you can call Kendric Foultz directly at 310-968-2369 for more details.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.