This is a real 'Turn Key' opportunity. $535,000 asking price for this Breakfast and Lunch restaurant with annual sales of $1.2 million generating profits of $193,000. The business has good books and records with verifiable financials with all the staff and manager in place and a provable cash-flow. Established in 2005, this successful business has been in the same ownership for 14 years. SBA would lend up to 80% of the sale over a 10 year period so a well qualified buyer would only require around $140,000 down including fees. The owner is 100% absentee as the day to day operations are run under management. Current open until 3pm, the local demand for dinner business would be a huge opportunity for growth for the new owner to raise revenues another $500,000 annually. Located on busy street corner within a modern strip mall with a nice patio, good signage and great curb appeal this business is highly profitable today which can only increase in the future. Seating in the main dining room for 150 with an additional 24 on the patio. The kitchen has a 20ft Type 1 hood with fire suppression system and full cooking line to include; 2 flattops with ovens, deep fryer, 6 burner stove with oven, refrigerated worktops, rotary toaster, large walk-in coldroom and walk-in freezer. ample storage, office with 9 security cameras. Complete the 'Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & list of equipment included with the sale. We'll also send you the Broker's contact information so you can discuss this opportunity in more details.

General Info

  • OrganizationInc
  • Established2005
  • Current Owner2005
  • Employees25
  • Reason For SaleRetirement

Facilities

  • Seating150
  • Square Feet4222
  • Parking100+
  • LicensesHealth, Business & ABC Type 41 Beer and Wine License
  • Open HoursMon - Fri 6am-3pm. Sat & Sun 5am-3pm

Lease

  • Rent$11,600 inc NNN
  • Expiration2021
  • Yearly Increase3%
  • Option5 year Option
  • Deposit$10,000

Financials

  • Monthly Revenue$101,781
  • Monthly Cash Flow$16,105
  • Annual Revenue$1,221,319
  • Annual Cash Flow$193,257
  • Payroll$$27,455

Financing

  • 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.

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