Redwood Coast Lifestyle - $120,000 Profit- Two Locations- Below Market Rent- Absentee Operator
North Coast, California
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Asking Price |
$295,000
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| Office Listing # | 1312 |
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Revenue |
$63,800 / month
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Cash Flow |
$10,000 / month
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Lease Rent |
$1,900/$1,800 All Inclusi
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Square Feet |
1,200/1,800 |
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Listing Description |
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This profitable operation is offered to a buyer as a
package which includes two locations along with the
name, menu concept and website. The business has
been set up to easily create a franchise operation and
does not require the current owner to work hands on
and oversees the operation in the capacity as a
general manager. The two locations, each with a
manager on staff, are within close proximity to each
other. The two stores target a slightly different
demographic which benefits the sales and profit of
the business and reduces fluctuation from any
seasonal impact on the business. Both stores have full
kitchens which include a type 1 hood, 5’ griddle,
steam tables, fryers, four 2-door sandwich stations,
refrigerated display cases, Hobart slicers, microwave,
stainless work tables, register system with kitchen
printers, ice machines, soda dispensers, 3-
compartment sinks, hand sinks and mop sinks. One
location has a 3-door reach-in and two 2-door
freezers. The second location has a walk-in freezer
and walk-in cooler.
Both locations are wheelchair accessible with ADA
restrooms, have ample parking, excellent visibility and
access offering indoor booth and table seating as well
as table seating for the outdoor dining areas. The
present owner has established a loyal clientele with
very consistent sales revenues achieved by an
affordable, high quality menu, a well organized
business approach and serving the local community
and tourist base. There is upside available for a new
owner to expand the operating hours to include a
breakfast menu as well as adding a beer and wine
license to increase sales revenues. The indicated cash
flow has not displaced any payroll costs to adjust for
a hands on working owner. If adjusted, cash flow
would increase roughly $30K to reflect the absentee
run operation. This listing requires that the business
be sold to include both locations. Escape the high
stress of congested urban living for the relaxing open
space of a coastal lifestyle, perfect for the outdoor
enthusiast. Both locations are within minutes to the
world's tallest trees and California's most rugged
coast that offer world class sport fishing and clean,
smog free air. the scenery/rural lifestyle in addition to
The soundness of the business would make it the
perfect business for anyone seeking a 'downshift'
from the rat race.
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General Information
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Organization: |
LLC
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Year Established: |
2000/2003 |
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Current Owners: |
2000/2003 |
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# of Employees: |
Contact For Info |
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Seating: |
30 Inside,16 outside/40 inside,12 outside |
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Square Feet: |
1,200/1,800 |
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Parking: |
Parking lot |
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License(s): |
Business |
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Day & Hours Open: |
7-Days 11a-9p |
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Reason For Sale: |
Other interests |
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Financial Information |
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Revenue: |
$63,800 / month |
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Cash Flow: |
$10,000 / month |
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Payroll: |
Contact For Info |
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Inventory: |
Contact For Info |
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FF & E: |
Contact For Info |
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Lease Information |
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Lease: |
$1,900/$1,800 All Inclusi |
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Expiration: |
Oct. 2013/April 2012 |
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Yearly Adjustment: |
1%/2%
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Option: |
5 years/ 3 x 5 years |
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Security Deposit: |
$2,000/$1,300
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Financing Information: |
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Down Payment: |
Contact For Info |
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All Cash: |
Contact For Info |
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Note Balance: |
Contact For Info |
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Rate/Term of Note: |
Contact For Info |
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http://www.restaurants-for-sale.com/newsite/rro/listingview.asp?id=12256
Disclaimer
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the seller or broker stated
in the contact section of
the listing profile. As
such, Restaurants For Sale
Online, LLC has no claim in
the sale of this business
and has not independently
verified any of such
information and assumes no
responsibility for its
accuracy or completeness.
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