This Northern California based Full-Service Restaurant is a California Limited Liability Company and was formed 7 years ago and has been under the same ownership since inception. Open 7 days a week, this restaurant’s menu offers inspirational breakfast/brunch, lunch, and dinner cuisine served in a trendy sophisticated interior setup and a large patio. They have a Type 41 liquor license serving beer and wine along with a full-service coffee program that rivals local coffee shops. They have over a 4 Star rating on Yelp and almost 4.5 Stars on Google. With modernized design and a sought-after menu offering, this restaurant has quite the following!
CA 02100708
NV 1003039
Financial Information
$350,000
Asking Price
$120,000
Cash Flow
$1,750,000
Gross Revenue
$350,000
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:2017
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 7
Part-Time Employees:19
Contractors:N/A
Owner Worked Hours/w:30
Adjusted EBITDA:
$105,218
Inventory Included: Yes
Inventory Value:
$30,000
Monthly Rent:
$14,710
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 2700
FF&E Included?: Yes
FF&E Value: $100,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 2 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 2,700 square foot space with a base rent of $10,792 and CAM charges OF $3,918. The current lease is a 10-year lease with a 5-year option.
Market Outlook/Competition
The United States Full Service Restaurants Market is expected to grow from a $324.9 Billion market size in 2024 to $554.12 Billion sized market with a CAGR of 11.27%! The largest share by cuisine is North American.
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