Full Service Casual Dining Restaurant on Main Street! - SC2261

This Northern California Full-Service Casual Dining Restaurant is a California S Corporation and was started 2.5 years ago by the current owner and has been popular and growing ever since. They are open from 11am to 9pm Monday through Friday and 9am to 9pm on Saturday and Sunday. They offer in-house full-service dining, along with private events and catering services as well. They have a Type 41 ABC license, serving beer and wine. They offer “from scratch dining” by partnering with local vendors to bring in the freshest ingredients supporting their community while delivering exceptional flavor in every dish. The Sellers have decades of restaurant experience, and every recipe they have has been perfected through decades in the restaurant business, bringing authentic home-style tastes to your table. This restaurant has become a local favorite through its rustic atmosphere, exceptional service and quality ingredients. This is a perfect spot for a romantic dinner or family gathering.

Financial Information

$475,000 Asking Price
$200,000 Cash Flow
$1,000,000 Gross Revenue
$475,000 Down Payment
$200,000 Adjusted EBITDA

Business Location

City: Northern California
State: California

Reason for Sale

The reason the Seller is selling is to pursue other interests.

Detailed information

Year Established: 2023
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Part-Time Employees: 20
Contractors: N/A
Owner Worked Hours/w: 30
Inventory Included: Yes
Inventory Value: $8,000
Monthly Rent: $4,590
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 2800
FF&E Included?: Yes
FF&E Value: $100,000

Training/Support

The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner. Additional training may be provided at mutually agreed upon terms between the Buyer and the Seller.

Facilities

They currently operate out of a 2,800 square foot space with a base rent of $4,590 per month and monthly CAM charges of $1,400. The current lease is 5 years with a 5-year option, and it is assignable. The location of the restaurant is ideal and on Main Street in the town they are located in.

Market Outlook/Competition

Casual dining restaurants hold a staggering 72% market share in the Full-Service Restaurants Market due to their broader cuisine choices, diverse menus, and greater accessibility. These establishments cater to a wide range of tastes, offering everything from comfort food to international cuisine, making them appeal to diverse customer preferences. The North America Full-Service Restaurants (FSR) Market is expected to grow at a 2.5% CAGR during the forecast period 2025 to 2032.

CA 02100708; NV 1003039

Listed By: Angela Suliguin

Background information

Year established:

2023

Reason selling:

The reason the Seller is selling is to pursue other interests.

Finance

Sales:

$1,000,000

Operations

Employees:

Part-Time Employees: 20 Contractors: N/A Owner Worked Hours/w: 30

Equipment:

FF&E Included?: Yes FF&E Value: $100,000

Inventory:

Inventory Included: Yes Inventory Value: $8,000

Furniture fixtures and equipment:

FF&E Included?: Yes FF&E Value: $100,000

Premises

Facility:

They currently operate out of a 2,800 square foot space with a base rent of $4,590 per month and monthly CAM charges of $1,400. The current lease is 5 years with a 5-year option, and it is assignable. The location of the restaurant is ideal and on Main Street in the town they are located in.

Square footage:

2800

Rent and lease terms:

Monthly Rent: $4,590 Real Estate Available: No Real Estate Included: No

Location:

City: Northern California State: California

Opportunities

Market:

Casual dining restaurants hold a staggering 72% market share in the Full-Service Restaurants Market due to their broader cuisine choices, diverse menus, and greater accessibility. These establishments cater to a wide range of tastes, offering everything from comfort food to international cuisine, making them appeal to diverse customer preferences. The North America Full-Service Restaurants (FSR) Market is expected to grow at a 2.5% CAGR during the forecast period 2025 to 2032.

Price and terms

Price:

$475,000

Down payment:

$475,000

Financing:

Seller financing is not available at this time.

Training:

The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner. Additional training may be provided at mutually agreed upon terms between the Buyer and the Seller.