Established Restaurant Operates 13 Hours Week; $1.4 Million Sales; $380,000 Profit; SBA Loan Approve

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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

Training/Support:

Yes

Sale Reason:

Other Interests