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Coastal Diner For Sale With Low Rent

6/wk
San Mateo County, California, United States
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Asking Price$130,000
Revenue$243,660 EstablishedUndisclosed
Cash Flow$56,100 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Coastal Diner With Low Rent

RRC#: 2504
Asking Price: $130,000
Location: Coastal Town, San Mateo County, California
Yearly Revenue: $243,660
Yearly Cash Flow: $56,100
Monthly Rent: $650 +$250 NNN

LISTING DESCRIPTION:
This coastal diner is located on a scenic stretch of Highway 1. It''s known for its gourmet comfort food and has received 4.5 Yelp stars. Everything is made from scratch. Only open four days a week, it has a very low rent of $900 month which includes electricity, water and garbage. It''s very popular with both locals and travelers on Highway 1. Many of their customers call ahead and pick up their orders, but there is a small patio that seats fifteen. Already profitable, there''s a lot of potential for someone who wanted to be be open more than four days a week. This is a great opportunity to own a truly unique operation with very low overhead in a beautiful part of California.. NO BROKER COOP.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2012 | Current Owner: 2012 | Employees: 1 FT 2PT + 2 FT owners | Seating: 15 | Square Footage: 250 | Parking: Ample | Licenses Required: Business | Days Open/Hours: Thurs - Sat 11:00 - 5:00 Sun 11:00 to 4:00 Mon - Wed: closed | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $243,660 | Yearly Cash Flow: $56,100 |

LEASE INFORMATION:
Monthly Rent: $650 +$250 NNN | Lease Expiration: 5/31/20 | Yearly Adjustment: Increases $25 each June 1 | Lease Option: 5 years |

FINANCING INFORMATION:
Down Payment Required: 104,000 | Rate/Term of Note: 26,000 at 6% for 24 month |
Ad #86813
Seller Reference #2504
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Contact This Seller
Steven D. Zimmerman, CBI, CBB
Restaurant Realty Company
415-945-9701
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