14 E State St Redlands, CA 92373

🌮 For Sale: 💼 BUSINESS + 🏢 REAL ESTATE BUILDING

Don Orange Tacos (2,500 Sqft) + ilegal (1,000 Sqft) in Historic Downtown Redlands with Full Bar Liquor License - Highly Profitable Restaurant and Lounge! 🍹🌮


DESCRIPTION:
This unique hospitality commercial property, located in the historic downtown Redlands area, presents an exceptional opportunity. With two restaurants and a lounge, this establishment offers a diverse culinary experience in a prime location.

BUILDING ADDRESS:
14-16 E State Street
Historic Downtown Redlands

BUILDING OCCUPANCY:

1st FLOOR:
Don Orange: Approximately 2,500 sq ft
ROC (Redlands Oyster Cult): Approximately 1,000 sq ft
Common area and restrooms: Approximately 1,000 sq ft
2nd FLOOR:
iLegal Lounge: ~1,000 sq ft
Offices: ~250 sq ft

Indulge in the opportunity to OWN not only the renowned Don Orange + iLegal but also the REAL ESTATE Building housing both location in the PRIME DOWNTOWN area of REDLANDS.
Embrace the vibrant flavors of Mexico and the allure of a full bar liquor license in this highly profitable establishment. Nestled in the heart of historic downtown Redlands, this culinary gem invites patrons to "EAT, RELAX, ENJOY" in an ambiance that exudes warmth and authenticity, perfect for creating lasting memories with family and friends.

At Don Orange, we're dedicated to crafting exceptional experiences through our tantalizing tacos and wide selection of tequila. Our establishment isn't just a restaurant; it's a testament to the enduring spirit of community and genuine connections. We take pride in offering an environment where the echoes of the past harmonize with the present, providing a space for authentic moments to thrive – away from the virtual and the manufactured.

Don Orange is a place made by real people, for real people, tailored to your preferences and desires. Seize the opportunity to take ownership of this culinary haven and continue the legacy of fostering genuine connections in a space that transcends time. Inquire now and step into a world where flavor meets history, and every meal is an occasion to celebrate! 🏰🌶️🍹

FINANCIALS:

Building (only) Rents for $19,000/month.

FY2022:
- Gross Revenue: $3.1 million 💰
- Net Profit: $500,000 📈
- Realty Value: $700,000 🏠

Key Focus: High Labor with Emphasis on Cost Management ⚙️

FY2023:
- Gross Revenue: $4.1 million 💰
- Net Profit: Approximately 20% (To be shared next week) 📊

New Lounge Expectation (Name: "ilegal"): Approximately $1 million per year 🆕💸

Common Liquor License for both locations (ABC license cost: $80,000-$100,000) 🍹
Liquor Cost: $32,000 🍸

FFNE (Furniture, Fixtures, and Equipment) Assets: Approximately $250,000 🛋️

Equipment Includes:
- Hood and Walk-in cooler ❄️
- Leasehold Improvement (TI) for both locations: 3,500 sq ft 🏢
- Total TI Cost: $1.225 million 💼

Website:
https://donorange.com/
https://ilegal1895.com/