Easy To Operate Restaurants In Two California Locations For Sale

Business description

Easy Restaurant Operation- Includes 2 Locations- $152k Profit, Lo Rent, Great Leases, Sba Loan Likel

RRC#: 1589
Asking Price: $225,000
Location: North Coast, Humboldt, California
Yearly Revenue: $714,000
Yearly Cash Flow: $152,040
Monthly Rent: $1900/$1,800 all inclusiv

LISTING DESCRIPTION:
Located on the beautiful Northern California Coast, this is an absentee operated business, extremely well run, with consistent annual sales and profit. The diverse clientele draws from heavy University traffic, local business and residential community, and a significant tourist trade. Given the strong financials, especially in this economy, this is a true turn- key operation, aggressively priced, offering a buyer a relaxed lifestyle and steady income. The two locations, business name, menu, concept and website are offered in the sale. The business has been designed as a franchise blueprint with the owner’s role as an absentee general manager. The two locations, each with a manager, are within close proximity to each other. The two stores target a slightly different demographic benefiting sales and profit and reducing fluctuation and seasonal impact. Both locations are wheelchair accessible with ADA restrooms, ample parking, excellent visibility and access offering indoor as well as outdoor dining areas. 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 seller will consider carry back financing on the purchase price, for a buyer with strong financials and business experience.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2000 /2003 | Current Owner: 2000 / 2003 | Seating: 30 inside + 16 outside / 40 inside + 12 outside | Square Footage: 1,200/ 1,800 | Parking: Parking lot | Licenses Required: Business | Days Open/Hours: 7- Days 11a-9p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $714,000 | Yearly Cash Flow: $152,040 |

LEASE INFORMATION:
Monthly Rent: $1900/$1,800 all inclusiv | Lease Expiration: Oct 2013/April 2012 | Yearly Adjustment: 1%/2% | Lease Option: 5 years/3 x 5 years | Security Deposit: $2,000/$1,300 |

FINANCING INFORMATION: