Profitable Burger Restaurant with Real Estate Available, including 2 Bdrm House

Financial Information

  • Asking Price: $275,000
  • Gross Revenue: $493,524
  • Cash Flow: $211,525
  • Down Payment: ON REQUEST
  • FF&E (Included): $22,000
  • Inventory: $1,500
  • Financing: Yes

Business Location

  • Contra Costa County
  • California
Primary Business Category: Restaurants

This is an outstanding opportunity to purchase a well-established, easy to operate, high profit margin, independent (not a franchise) business with great potential for further business growth. The main reason for the low price is because the seller owns and manages another burger shop in another state, where he now lives, and he wants to simplify his life by selling the one here. Also, the low price reflects the seller's requirement for a relatively quick sale. So loyal is the customer base of this iconic burger shop that its sales increased significantly despite the Covid-19 lock-downs. Its burger shop concept means that most customers order the food to be taken away for eating, which means revenues have not been negatively affected despite the restrictions on indoor dining. This 70-year-old institution is an ideal acquisition for an owner-operator. Or, because there is enough cash flow, it could be run by an absentee owner with the hiring of a couple more workers. The burgers, fries and old-fashioned milk shakes are legendary in this corner of the county. Situated between a major shopping area and a large warehouse/industrial area, it draws from nearby resident families and local workers. Located in a vibrant city that has a substantial business community and is a gateway to the lush San Joaquin River delta country, the business has long been a destination for locals. It also draws on the rapidly growing population of Eastern Contra Costa County. Although this business was pre-qualified for SBA financing, that process takes too long and seller will not accept an offer relying on the SBA. Thus a buyer will need mostly cash. The seller may provide some financing for a well-qualified buyer. If the buyer chooses to buy the real estate, it would include the shop building and a 2-bedroom, 1-bath residence with attached single-car garage, currently rented by a long-term employee of the burger shop at a below-market rate. The real estate is well-located near the intersection of two busy streets and could be ideal for an investor or developer. The 2020 county tax assessor's estimate of real estate value was about $728,000. Estimated size: Bldg/Liv Area is about 1,784 sq.ft.; the lot is about 18,339 sq.ft. (0.421 acres). Fair market value is probably about $800,000. The buyer would need to pay cash or get conventional commercial real estate financing. If an investor decides that the property has a higher and better use, the business could continue to provide decent net cash flow while plans for another use of the property were being developed and going through the pre-development permitting process. Or the investor could resell the business and collect property rent from the new business owner.


Competition Description

This is an outstanding opportunity to purchase a well-established, easy to operate, high profit margin, independent (not a franchise) business with great potential for further business growth. The main reason for the low price is because the seller owns and manages another burger shop in another state, where he now lives, and he wants to simplify his life by selling the one here. Also, the low price reflects the seller’s requirement for a relatively quick sale. So loyal is the customer base of this iconic burger shop that its sales increased significantly despite the Covid-19 lock-downs. Its burger shop concept means that most customers order the food to be taken away for eating, which means revenues have not been negatively affected despite the restrictions on indoor dining. This 70-year-old institution is an ideal acquisition for an owner-operator. Or, because there is enough cash flow, it could be run by an absentee owner with the hiring of a couple more workers. The burgers, fries and old-fashioned milk shakes are legendary in this corner of the county. Situated between a major shopping area and a large warehouse/industrial area, it draws from nearby resident families and local workers. Located in a vibrant city that has a substantial business community and is a gateway to the lush San Joaquin River delta country, the business has long been a destination for locals. It also draws on the rapidly growing population of Eastern Contra Costa County. Although this business was pre-qualified for SBA financing, that process takes too long and seller will not accept an offer relying on the SBA. Thus a buyer will need mostly cash. The seller may provide some financing for a well-qualified buyer. If the buyer chooses to buy the real estate, it would include the shop building and a 2-bedroom, 1-bath residence with attached single-car garage, currently rented by a long-term employee of the burger shop at a below-market rate. The real estate is well-located near the intersection of two busy streets and could be ideal for an investor or developer. The 2020 county tax assessor’s estimate of real estate value was about $728,000. Estimated size: Bldg/Liv Area is about 1,784 sq.ft.; the lot is about 18,339 sq.ft. (0.421 acres). Fair market value is probably about $800,000. The buyer would need to pay cash or get conventional commercial real estate financing. If an investor decides that the property has a higher and better use, the business could continue to provide decent net cash flow while plans for another use of the property were being developed and going through the pre-development permitting process. Or the investor could resell the business and collect property rent from the new business owner.


Growth / Expansion overview

The seller does almost no marketing, instead simply relying on the reputation of this business for quality food and friendly service in an attractive, retro space. The store is currently open only for lunch and early dinner. It is believed that revenue could be increased 20% or more by adding a breakfast menu and hours for people on their way to work.


Support / Training Comments

Seller will facilitate a successful, profitable transition of the business to a new owner.


Financing Comments

Seller will consider some financing for a qualified buyer


Reason For Sale
Owner relocated out of state
  • Home Based: No
  • Year Established: 1940
  • Franchise: No
  • Year Acquired: 1947
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business, Health

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $800,000
  • Real Estate Asking: $800,000
  • Fulltime Employees: 2
  • Part time Employees: 2
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Monthly Rent: N/A

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Business Listed by

Sunbelt San Francisco #1

Contact: Phillip Holt
Office Phone: 510-523-0232
Mobile Phone: (510) 421-3434
Listing ID: OAKLACA001-N264

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