Advert Ref: 5098-RL

Successful Restaurants With Strong Profits For Sale

  • California - North
Asking price:
$350,000
Sales revenue:
Undisclosed
Net profit:
$150,000

Photograph of this business for sale

Great opportunity to own a successful, profitable business with 2 long-running locations in separate cities. Annual revenues for both locations are trending up and combined SDE in 2018/2017 was over $150K. Owner worked semi-absentee for many years and is now completely absentee. Both restaurants are fully equipped and enjoy local patronage as well as a steady stream of tourist and recreationists looking for classic American cuisine. The operation is completely turnkey and perfect for a buyer looking to enter the restaurant industry or a buyer looking to add units to their hospitality business.

Location 1:
- Restaurant is located on a busy street near residential, parks and Russian River recreation
- The interior is 1,444 square feet with an occupancy of 26 (approx.) and a large, 43’ X 35’, covered patio with 12 large picnic tables and two 2-top Bistro tables
- Current rent is $2,944 with current term ending November 2021
with an additional 5-year option
- GM & District Manger work fulltime between both locations with roughly 2 f/t and 9 p/t employees
- 18 onsite parking spaces with ample street parking
- Restaurant was established in 2005 with current owner since 2012
- Premise is permitted with a Type 41 Beer and Wine License

Location 2:
- Restaurant is located in the heart of downtown
- The interior is 1,982 square feet with ample outdoor seating on the large, wrap around patio
- Current rent is $1,800 + $305 CAM with current term ending in June 2021 with a 5-year option
- GM & District Manager work fulltime between both locations with roughly 2 f/t and 9 p/t employees
- 3 onsite parking spaces with ample street parking
- Restaurant has been operating since the 1950’s with current operator since June 2016
- Premise is permitted with a Type 41 Beer and Wine License


Price Includes: Furniture, fixtures and equipment, training period, leasehold interest, leasehold improvements, and goodwill. Some personal items may be excluded from the sale. Inventory is not included in the sale and is available for Buyer to purchase at wholesale cost

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

Reasons for selling:
Owner is moving out of state

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

If you are interested in finding out more about this business for sale, click on the button below.