This Northern California based American Cuisine Restaurant is a California Sole Proprietorship and was formed 9 years ago and has been under the same ownership since inception. They offer seasonal, responsibly sourced ingredients, used to create their unique menu where hand crafted meets quality ingredients. With a menu designed by an award-winning chef and owner, they offer dinners only five days a week (closed Monday and Tuesday). The chef and owner has been working in professional kitchens since she was 15 and competed in the American Culinary Federation team hot food competitions winning gold and silver metals at regionals and nationals. The chef and owner has been featured in Bon Appetit and the Food Network. This restaurant has a Type 47 Liquor License with a very unique bar where the chef and owner creates their own specialized drinks with homemade syrups.
CA 02100708
NV 1003039
Financial Information
$300,000
Asking Price
$30,000
Cash Flow
$350,000
Gross Revenue
$300,000
Down Payment
Business Location
City:
Northern California
State:California
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established:2014
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 1
Part-Time Employees:8
Contractors:N/A
Owner Worked Hours/w:40
Adjusted EBITDA:
On request
Inventory Included: Yes
Inventory Value:
$10,000
Monthly Rent:
$4,963
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 2800
FF&E Included?: Yes
FF&E Value: $150,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Facilities
They currently operate out of a 2,800 square foot space with a base rent of $2,163 and no monthly CAM charges. The current lease is until 2026 with a 5-year option, and the lease is assignable.
Market Outlook/Competition
The United States Full Service Restaurants Market is set to grow with a CAGR of 11.27% starting at $324.9 Billion in 2024 to $554.12 Billion in 2029. The largest share by cuisine is North American.
Save
