Active
Popular Full-Service Restaurant In Northern California - SC2170
This Northern California based Full-Service Restaurant is a California Limited Liability Company and was formed 7 years ago and has been under the same ownership since inception. Open 7 days a week, this restaurant’s menu offers inspirational breakfast/brunch, lunch, and dinner cuisine served in a trendy sophisticated interior setup and a large patio. They have a Type 41 liquor license serving beer and wine along with a full-service coffee program that rivals local coffee shops. They have over a 4 Star rating on Yelp and almost 4.5 Stars on Google. With modernized design and a sought-after menu offering, this restaurant has quite the following!
Financial Information
- Asking Price: $75,000
- Cash Flow: $120,000
- Gross Revenue: $1,750,000
- Down Payment: $75,000
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 7
Part-Time Employees: 19
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: $105,218
Inventory Included: Yes
Inventory Value: $5,000
Monthly Rent: $14,710
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 2700
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 available at mutually agreed upon terms between the Buyer and the Seller.
Facilities
They currently operate out of a 2,700 square foot space with a base rent of $10,792 and CAM charges OF $3,918. The current lease is a 10-year lease with a 5-year option.
Market Outlook/Competition
The United States Full Service Restaurants Market is expected to grow from a $324.9 Billion market size in 2024 to $554.12 Billion sized market with a CAGR of 11.27%! The largest share by cuisine is North American.
CA 02100708
NV 1003039
Listed By: Myrtel Lapuz
Background information
Reference:
SC2170
Year established:
2017
Reason selling:
The reason for selling is Seller would like to pursue other interests.
Finance
Sales:
$1,750,000
Profits:
$120,000
Operations
Employees:
Full-Time Employees: 7 Part-Time Employees: 19 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $100,000
Inventory:
Inventory Included: Yes Inventory Value: $5,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $100,000
Premises
Facility:
They currently operate out of a 2,700 square foot space with a base rent of $10,792 and CAM charges OF $3,918. The current lease is a 10-year lease with a 5-year option.
Square footage:
2700
Rent and lease terms:
Monthly Rent: $14,710
Location:
City: Northern California State: California
Opportunities
Growth:
The United States Full Service Restaurants Market is expected to grow from a $324.9 Billion market size in 2024 to $554.12 Billion sized market with a CAGR of 11.27%! The largest share by cuisine is North American.
Market:
The United States Full Service Restaurants Market is expected to grow from a $324.9 Billion market size in 2024 to $554.12 Billion sized market with a CAGR of 11.27%! The largest share by cuisine is North American.
Price and terms
Price:
$75,000
Down payment:
$75,000
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 available at mutually agreed upon terms between the Buyer and the Seller.