Not Available
|
Asking Price$595,000
Revenue | $1,400,000 |
Established | 2001 |
Cash Flow | $380,000 |
Employees | Undisclosed |
FF&E | Undisclosed |
Franchise | No |
Inventory | Undisclosed |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
|
Established Restaurant Operates 13 Hours Week; $1.4 Million Sales; $380,000 Profit; SBA Loan Approved RRC#: 4037 Asking Price: $595,000 Location: Popular Marin County Town Annual Revenue: $1,400,000 Annual Cash Flow: $380,000 Monthly Rent: $6,989 Expiration: 2/2024 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 a 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 profit have increased. 2019 - Sales $884,537, Profit $205,000; 2020 - Sales $1,133,162, Profit $299,178; 2021 projected based on sales and profits through 9/22/21 - Sales - $1.4 Million, Profit - $380,000.
The restaurant has a very charming intimate décor that has an 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 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, 3-2 door under counter refrigerators (1 with sandwich station + 1 with 3 taps), 2 - 2 full door refrigerators, slicer, utility sink, counter mixer, 3 door under counter 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, 2 group espresso machine, ice machine, 5 employee lockers, 2 door freezer, drop-in freezer and1 door under counter freezer, etc. There is currently 3 years remaining on lease with 2 four-year options.
General Information: Organization: Sole Proprietorship Year Established: 20 years Current Owner: Contact for Info Employees: Contact for Info Reason For Sale: Other Interests
Financial Information: Monthly Revenue: $116,670 Monthly Cash Flow: $31,660 Annual Revenue: $1,400,000 Annual Cash Flow: $380,000 Monthly Payroll: Contact for Info
Facilities: Square Feet: 1380 + 800 enclosed patio Seating: 49 inside + 47 outside Parking: Street Days/Hours of Operation: Dinner Only Tues-Sat; Closed Sun & Mon
Facilities: | Square Feet: 1380 + 800 enclosed patio
Seating: 49 inside + 47 outside
Parking: Street |
Sale Reason: | Other Interests |
Ad #132538
Seller Reference #4037
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
|
|
This seller cannot be contacted because this ad is not active.
|