Price Reduced to $399,000 for this Breakfast and Lunch restaurant with 2021 annualized sales of $1.3 million. SBA pre-approved for up to 80% loan over 10 years. This is a real 'Turn Key' opportunity. The business has good books and records with verifiable financials, all the staff and management in place and a provable cash-flow. Established in 2005, this successful business has been in the same ownership for 16 years. SBA would lend up to 80% of the sale over a 10 year period so a well qualified buyer would only require around $100,000 cash down. The owner is 99% absentee as the day to day operations are run under management. Current hours are 7am to 2pm. The local demand for dinner business would be a huge opportunity for growth for the new owner to raise revenues another $500,000 annually. On a busy thoroughfare and located on an end cap within a modern strip mall with a nice patio, good signage and great curb appeal. The financials displayed are annualized for 2021. 4200 sq ft plus 500 sq ft patio with inside seating for 150 with an additional 30 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 and walk-in freezer, ample storage, office and 9 security cameras.
To receive more information and discuss this opportunity with the broker along with the broker's connections for a long term SBA loan solution please complete the 'Non-Disclosure Agreement' on our website and we'll send you the full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
- Current Owner2005
- Reason For SaleRetirement
- Seating150 + 30 Patio
- Square Feet4,222
- LicensesHealth, Business & ABC Type 41 Beer and Wine License
- Open HoursMon - Fri 6am-3pm. Sat & Sun 5am-3pm
- Rent$11,600 inc NNN
- Yearly Increase3%
- Option5 year Option
- Monthly Revenue$108,333
- Monthly Cash Flow$13,000
- Annual Revenue$1,300,000
- Annual Cash Flow$156,000
- Down Payment$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.