Very well established, historic hamburger restaurant for sale in the South Bay. The business was established in 1945, and has been owned by two families since then. The current owners took over in 1975. This restaurant has been a popular place to get a burger for decades, and is a beloved local institution. Its sales have been consistent year over year, at one million-plus for the last three years. The business is also well organized for pickup and delivery orders giving the new owners the opportunity to expand on and grow sales. The restaurant has two dining rooms with a total indoor seating capacity of 80, and a large outdoor patio which seats 40. It also has a large parking lot, which could provide the opportunity with city approval for drive-up, dine-in-your-car dining (in the style of the good ole days) - potentially a significant advantage if social distancing practices remain in effect. The restaurant is equipped for everything you need to make and and cook burgers. They have a proprietary fresh burger mix and make patties fresh daily. The equipment includes a type 1 hood, open flame charbroil grill and a logo 1953 Dodge Truck which is not in operation and a full equipment list is available upon request. All equipment, recipes and training are included with the sale.

General Info

  • OrganizationContact For Info
  • Established1945
  • Current Owner1975
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating80 inside and 40 outside
  • Square Feet822
  • ParkingParking Lot
  • LicensesHealth, Business and Beer and Wine
  • Open HoursMonday - Friday 11am to 9pm; Sat and Sun 8am to 9pm

Lease

  • Rent$6,952
  • ExpirationApril 2025
  • Yearly IncreaseFixed
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$88,634
  • Monthly Cash FlowContact For Info
  • Annual Revenue$1,063,609
  • Annual Cash FlowContact For Info
  • Payroll$Contact For Info

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.

Location