This Northern California Eatery/Restaurant is a California Sole Proprietorship and has been in operation for only 1 year. Freshly renovated, this eatery is known for their amazing made from scratch pizzas, salads, cakes, and wraps and located next a railroad so they play of the railroad theme in their décor and pizza names. Everything they serve is scratch made with no processed or fried foods. They have ample parking, and train rides leave from the parking lot twice per month, which brings in large crowds. They have a Vegan menu and have a large Vegan following. They also offer catered events with several food options. All Seller recipes come with the sale.
This business is only open 20 hours per week (Wednesday through Sunday from 11am to 3pm). Growth could be obtained by extending the hours and days worked, obtaining a Type 41 (Beer and Wine) liquor license, bringing in live music and improving the signage for visibility.
CA 02100708
NV 1003039
Financial Information
$139,000
Asking Price
$45,000
Cash Flow
$100,000
Gross Revenue
$139,000
Down Payment
Business Location
City:
Northern California
State:California
Reason for Sale
The reason for selling is the Seller would like to pursue other interests.
Detailed information
Year Established:2022
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:3
Contractors:N/A
Owner Worked Hours/w:20
Adjusted EBITDA:
$45,000
Inventory Included: Yes
Inventory Value:
$3,000
Monthly Rent:
$1,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 1000
FF&E Included?: Yes
FF&E Value: $10,000
Training/Support
The Seller is willing to train the new Owner for up to 2 weeks at 20 hours for week. Additional training from the Seller is available at mutually agreed upon compensation from the Seller to the Buyer.
Facilities
The rent for this eatery is unbelievable. They operate out of 1,000 square feet at a historic location with a rent of $1,000 per month and have a 3-year lease that ends June 1, 2025 and has a 2 year option. The 3 year lease has an escalation clause of $100 per year. There is a 572 square foot front deck, a 256 square foot side deck and an 8x20 storage container. This location is ideal for private events which they have several of.
Market Outlook/Competition
The global vegan food market size was valued at $16.53 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030. The vegan food market is projected to grow at a significant rate during the forecast period. The growing awareness regarding the health benefits of vegan diet and its increasing adoption across the globe are expected to drive market growth.
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