Advert Ref: 5129-RL

Iconic Breakfast/lunch Restaurant In Great Location For Sale

  • San Rafael, California - North
Asking price:
$149,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

Unique opportunity to purchase a Marin County restaurant institution in a great location with high visibility, ample parking and easy freeway access. Current operator has enjoyed over 40 years of success and buyer could operate the restaurant with the same menu and recipes or execute a completely new concept. The restaurant has a large, dining room with versatile seating options and a bright and sunny kitchen with 2 hoods, quarry tile and plenty of space to service the restaurant as well as off-site catering. New operator could quickly increase revenue by expanding the hours of operation.

Additional details:

-Premise is 2,500 sqft (approx.) with occupancy for 49. Dining area can easily be divided to accommodate onsite catering events or private parties or corporate meeting space.

-Rent is currently $6,125.00 (approx.). Current lease term expires December 31, 2020. Qualified Buyer can negotiate more lease term with landlord.

-Kitchen features a 6’6” (approx.) Type-1 hood with a Royal Cook Unit: 6-burner range, broiler, and 2’ flat top; Montague convection oven; three refrigerators (Victory two-door, Victory three-door, Traulsen three-door), True two-door Freezer, Hobart Mixer, and Groen Tilt Kettle.

-Seller works fulltime with a staff of 4 part-time employees

-Restaurant has operated successfully as a family business in this location since 1976

-Restaurant is currently operating on an abbreviated schedule, but Pre-Covid, the hours of operation were five days a week: Tuesday-Sunday 7:30am-3:00 pm

-Premise is currently permitted with a Type-41 Beer and Wine license

-After many years of successful operations, owner is retiring

Price Includes: Furniture, fixtures and equipment, leasehold improvements, and goodwill are included in the sale. Fixed assets are property of the landlord and some personal items may be excluded.

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information.

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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