Breakfast & Lunch Diner, with Liquor License
Financial Information
- Asking Price: $150,000
- Gross Revenue: $720,000
- Cash Flow: $180,000
- Down Payment: ON REQUEST
- FF&E (Not Included): ON REQUEST
- Inventory: $3,000
- Financing: Yes
Business Location
- Kern
- Confidential
- California
Like new business located in popular Northwest Bakersfield. Average Daily Traffic Count 2020, 16,094. Population within a 3-mile radius 89,494, Median HH Income $96,386. A popular diner and the only diner in the area. The owner says before COVID-19 that he was averaging $60,000 per month in sales and that is what the above proforma given to me by the owner is based on. His numbers have been off, but he does have a private patio area, that he has been able to use and he is able to put some seating in the area in front of the Business. The owners spent around $300,000 in FF&E and Tenant Improvements. They have an ABC 41 License for On Sale Beer and Wine, which is interesting for a diner. However, the owner says that it is a good source of income and extremely popular with the patrons. This is your opportunity to buy this Business at less than half of what it would cost to open it new and it is a proven location. You'll start making money from day one. The Business is well positioned in all of the search engines and is easy to find.
Competition Description
Bakersfield is a big restaurant town and people love to go out to eat and socialize.
Growth / Expansion overview
Restaurants have been forced to close during the Covid-19 shut down and many of them are not going to reopen. The survivors are positioned to do an extraordinary business when things open.
Reason For Sale
Retirement- Home Based: No
- Year Established: 2019
- Franchise: No
- Year Acquired: 2019
- Willing to Train: Yes
- Relocatable: No
- Required Licences: Health, ABC 41 License
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Fulltime Employees: 11
- Part time Employees: N/A
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: $0
- Building Size: 3,562 sq ft
- Parking: Ample
- Monthly Rent: $2,200
Contact Business Broker
Sunbelt Bakersfield
Contact: John WillinghamOffice Phone: 661-323-2358 Mobile Phone: 661 332-9401
Listing ID: BAKERCA001-N944
Business Images
