Advert Ref: 5131-RL

Profitable Restaurant In Great Downtown Location For Sale

  • Sebastopol, California
Asking price:
$199,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

Wonderful opportunity to purchase a profitable restaurant in a great location that has operated successfully for nearly 10 years. The restaurant offers a versatile menu with a modern-comfort food fare that can easily accommodate additions/modifications from a new owner without alienating the well-established customer base. The back of the house is well-equipped with a large hood and like-new equipment as many pieces were replaced within the last three years. The restaurant was professionally-designed and has been well-cared. After many years of success and strong SDE, the seller has decided to retire. Owner may consider financing to a qualified buyer.

ADDITIONAL DETAILS:

-The interior is 2,000 square feet (approx.) and has an occupancy of 49

-Rent is $6,334 monthly rent + NNN of $180 (approx.). Current term expires Aug. 2021 with a 5-year option. Qualified Buyer may negotiate new lease terms with landlord.

-Professionally designed and whimsical dining room features a mix of 4-top and 2-top tables, a 6-top booth, a back area for large parties or a small buyout and a wrap-around bar with ADA drop and tall boy chairs

-Kitchen has a 16’-6” (approx.) Type-1 hood; 4 -burner Garland Range w/ 36” flattop and 2 ovens; 2 basket deep fryer; 2 charbroiler grills; 7’ X 5’ (approx.) Walk-in refrigerator; a 3-compartment sink; Dishwasher; prep sink; hand sinks; Ice Machine and more.

-Established in August 2011 the pre-Covid hours were 8:30am-3:00pm 6 days/week. Owner has delineated the outside with metal grill work, draperies and sidewalk paintings for an inviting and cozy, outside dining experience demanded by Covid restrictions.

-Under normal, pre-Covid, conditions, Owner works 34 hours per week (approx.) with 6 part-time and 5 full-time employees.

-Premise is currently licensed with a Type 41 Beer and Wine License

-Inventory valued at $10,000 (approx.) includes wine and beer is not included in the purchase price and is available for buyer to purchase.

-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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