1964 W Foothill Blvd

Investment Highlights

Average Daily Traffic Count: 29,809 (City of Upland) Median Household Income: $93,994 (2022 US Census)

Executive Summary

2 SEPARATE LOTS AND APN'S FOR 1 LOW PRICE!!!!Parcel 1007-061-06-0000 is 16,200 sf with fully functional restaurantParcel 1007-061-07-0000 is 14,100 sf vacant lot adjacent to restaurantPrime real estate and restaurant on BUSY thoroughfare. This STAND ALONE building with street visibility is the perfect location for your restaurant.Tremendous opportunity to own this popular Mexican restaurant with a FULL LIQUOR LICENSE. This is the opportunity you?ve been looking for.For almost 50 years, this high volume Mexican restaurant and cantina has been serving delicious Mexican food to it?s loyal customers. Located in one of San Bernardino?s BUSIEST thoroughfares, this restaurant & cantina won?t disappoint. There is a 2nd location available for sale only a few miles away, making management easier. Both have FULL liquor licenses. Restaurants can be purchased together or individually. The second location is for sale at $199k including 47 FULL LIQUOR LICENSE.Established in 1974, this family run restaurant offers a unique and pleasant dining experience. The menu features authentic, flavorful dishes from family recipes passed through generations and celebrated in a traditional and festive setting. The menu features traditional Mexican classics in contemporary dishes including plant-based options with an emphasis on freshness and flavor.This restaurant is home to some of the Inland Empire's best handcrafted margaritas. The family-owned restaurants are not only known for its Mexican culture you can taste in every bite but also for being a great place to watch your favorite sports team, enjoy happy hour and indulge on taco Tuesdays. There's always something fun happening in these restaurant and cantinas. This restaurant is in a stand-alone, high visibility location on the busiest thoroughfare in the county. It is also just blocks away from the 10 and 210 freeways making the restaurant easily accessible to major freeways. There are a number of apartments and homes in the immediate vicinity. Additionally, there are major universities and tier 1 national businesses in the area and just minutes from the restaurant. The real estate is available to purchase along with the restaurant. The building and lot was recently appraised at $2.5M.The restaurant consists of a large dining area, cozy cantina and 2 cool patio dining areas. The dining area can accommodate up to 120 patrons, while the cantina can accommodate 38 patrons. The covered patios can easily accommodate 50 patrons. This is the perfect private party venue, offering a lovely private dining room and a warm fireplace in the main dining area. The cantina opens to a beautiful patio with 2 sets of French doors creating a large open room effect. Perfect for large private events separate from the main dining area. This restaurant also has barbeque smokers which has not been recently utilized, allowing for additional revenues for new buyer.This location can easily accommodate large venues including weddings, birthday parties, fund raisers, quincea?eras, corporate events and any other major life events. The restaurant is approximately 4,392 sq ft on a large lot of approximately 30,300 sq ft and ample parking. There is parking for 42 vehicles.The restaurant is under-utilized. Current owners are retiring and are not promoting catering at the premises. Catering can substantially increase revenues. The restaurant also has a 47 full liquor license as well as a 58 off-site catering license. New owner can easily increase revenues by offering alcohol at catering events.The real estate can be acquired with the restaurant, making this an ideal investment for generations to come.2023 revenue was $940k. If ran at industry standards and based on current sales, new owner can expect $180k net profit. The full liquor license and premises has not been fully utilized leaving a tremendous opportunity for a new owner. The average revenue per foot is $223/ft. Based on the full liquor license and type of food served, this is below what the average revenue per foot should be, mainly because the owners are slowing down due to retirement. This leave a tremendous opportunity for new buyers.There is also a second locations a few minutes away with a full liquor license as well. Sold separately at $199k.RESTAURANT PURCHASE WITHOUT REAL ESTATE AVAILABLEThis restaurant can also be purchased separately for ONLY $199k and with great rent at only $2.50/ft nnn. For more information, go to www.pacificrestaurantbrokers.com.Submit offers to Jerry@PacificRB.com with Proof of Funds, or call (949) 424-0304.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    4,392
• Building Class    B
• Year Built    1947
• Price    1,900,000
• Price Per SF    433
• Cap Rate    6.63
• NOI    126,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.15
• Land Acres    0.69 AC

• Bus Line
• Pylon Sign
• Signage