Bay Area Burger restaurant near the coast for sale, along with the real estate it sits on. This business and its real estate have been pre-approved for an SBA loan. This means a buyer would need to put as little as 10% down on the property portion of the purchase, and 15% down on the business portion. The SBA would approve a qualified buyer for a 25-year loan. This coastal gem serves up high-quality burgers and other comfort food items, with ingredients sourced from local purveyors. All food is made in-house, and the original recipes are included in the sale. The menu has earned excellent reviews and mentions in many lists of restaurants to try in the Bay Area. The beverages on offer include non-alcoholic options, and craft beer and wine. The restaurant features multiple sections of outdoor dining space, including a covered area which has 100 seats and outdoor area with another 130 seats. There are two parking lots. The total size of the property for sale is 0.26 acres. The building itself is of newer construction and is less than 20 years old. Since its establishment in 2015, the restaurant has earned and maintained an outstanding reputation, and the revenue and profits have grown each year since its opening. Currently, the business is open five days per week. A new owner could increase revenue and profit by expanding to seven days a week, or adding a breakfast menu and opening earlier. The restaurant is close to Highway 1, and a short drive from the beach. It has become a popular destination for locals and visitors alike. Local tourism is at an all-time high, and the influx of visitors to the coast has augmented this restaurant's popularity. The real estate market in this area is booming, with housing prices up 30.9% over last year. As the desire for coastal land increases as more people move to the coast, owning the real estate your business sits on becomes more and more advantageous. Average household income within a 5-mile radius of the business is $172,299. The restaurant is equipped with top-of-the-line, well-maintained equipment including a Montague range, a CaptiveAir hood venting system, and True refrigerators. All equipment is owned, not leased. Full equipment list available upon request. For more information and to receive a full marketing package and financial details, please request an NDA below. You can also email patrick@restaurantrealty.com.

General Info

  • OrganizationCorporation
  • Established2015
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • Seating230
  • Square Feet11,761
  • ParkingParking Lot
  • LicensesBeer and Wine, Business and Health Permit
  • Open HoursContact for Info

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue$125,000+
  • Monthly Cash Flow$29,000+
  • Annual Revenue$1,500,000+
  • Annual Cash Flow$350,000+
  • Payroll$Contact for Info

Financing

  • Down Payment$10% building and 15% business with SBA Loan Approval
  • Note Balance$Contact For Info
  • Terms of Note25 Year SBA Loan Pre-Approved
  • 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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