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Established Restaurant Operating Fourteen Hours
Location: United States -> California -> Northern California - Bay Area -> Marin County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Established Restaurant Operates 14 Hours Week; $945,000 Sales; $299,700 Profit; SBA Loan Approved

RRC#: 3111
Asking Price: Offered At $395,000
Location: Marin County
Annual Revenue: $945,217
Annual Cash Flow: $299,700
Monthly Rent: $6,656

Listing Description:
This business has been pre-approved for an SBA loan so with 20% cash down the bank will finance 80% of the purchase price. This established restaurant is in a high end demographic location and operates only for dinner five nights a week and is an excellent opportunity for an owner operator. There is upside for an additional two days of business plus lunch 5 days week and brunch on the weekends but for lifestyle reasons the owners have chosen the limited hours it operates. The restaurant has an excellent reputation and each years sales and profits have increased (15% growth two most recent years). The restaurant has a very charming intimate decor that has open airy feeling with a high ceiling, skylight, ceiling fans and a comfortable dining room including tables and chairs and banquette seating. There is also a good sized enclosed open patio with outdoor heaters which is used almost all year round. There is a also a full kitchen, storage room, liquor storage room and ADA bathrooms. Some of the equipment includes as follows: 9′ type 1 hood with fire suppression system, 12 burners over 2 ovens, 3 -1 door undercounter refrigerators (1 with sandwich station), 3 -2 door undercounter refrigerators (1 with sandwich station + 1 with 3 taps), 2 -2 full door refrigerator, slicer, utility sink, counter mixer, 3 door undercounter refrigerator + sandwich station, 2 compartment sink, dishwashing sink + rinse hose, dishwasher, Robot Coupe, ice cream machine, 2 full door glass wine refrigerator, POS system, 3 coffee grinders, single unit coffee maker, 1 group espresso machine, ice machine, 5 employee lockers and 2 full door freezer, etc. A new long term lease is available to a qualified buyer.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $945,217
Cash Flow:   $299,700
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700325581
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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