SBA Loan pre-approved for this successful & profitable 4,000 sq ft Breakfast, Lunch & Dinner House & Bakery which has been in the same ownership since 1995 with consistent annual profits above $300,000. The owner is Quasi Absentee as the day-to-day business operation is run by long term management. The owner oversee's the menu, back office, marketing and financials. Over 600+ customers daily enjoy full meals and homemade bakery products producing almost $2.8 million in annual revenue. The location near I-99 enjoys the added benefit of being a University city with a population of 83,000. The neighboring cities of Turlock, Atwater and Modesto increase the local population in excess of 400,000. 23 years under the same ownership, this restaurant has an enviable local reputation with annual sales enjoying a strong growth spurt from the $2.4 million in 2015 to $2.8 million in 2017. Consistent month on month revenue of around $230,000 with the busy local support make this restaurant a relatively simple operation which should remain on it's current growth path to hit $3 million by 2020. Priced at $795,000 with a pre=approved SBA loan, a buyer would only need 25% cash down (approx $200,000) to purchase this successful and profitable restaurant. Buyer needs to possess restaurant management experience, a good track record and credit history and a 10 year SBA loan would be available. Please complete the 'Non Disclosure Agreement' on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.
- OrganizationContact For Info
- Current Owner1995
- Employees30 FT & 30PT
- Reason For SaleOther Interests
- Square Feet4000
- LicensesHealth Permit, Business and ABC Type 41 Licenses.
- Open Hours6am - 11am Daily
- Rent$7,500 Base/5% Rent + $1,600 NNN
- Yearly Increase4% Annually
- Option5 Year Option to Extend
- Monthly Revenue$229,650
- Monthly Cash Flow$26,417
- Annual Revenue$2,755,801
- Annual Cash Flow$317,000
- Down Payment$Contact For Info
- Note Balance$Contact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.