Profile: Full Serve Restaurant (Buffet).
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Gary Bayus, Broker
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| Primary Phone: |
805-773-5447 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/30/09 |
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| Date Last Revised: |
9/30/09 |
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| BizBen Ad #: |
115416 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$195,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$650,000 |
| Annual Adjusted Net: |
$74,450 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Business Summary:
In The Heart Of Downtown, With Partial Ocean Views! Well Located At Busiest Four-Corner Intersection In The 5-Cities Area Of The Central Coast Of California. Anchored With A National Grocery Store Chain And Drugstore, There Is Lots Of New Residential Building In Area. Excellent Exposure And Visibility. Seats 100+. Full Kitchen With Unique “Buffet” Style. Highly Efficient Design Integrating The Cooking And Customer Self-Service Area To Save On Employee Hours. Upside For A Change In Food Concept And Catering. Ada Compliant. Asset Sale. Largest Chinese Restaurant In Area.
Market Outlook:
The Central Coast Of California (Grover Beach) Is The Last Unique Beach Community With A Master Plan For Exponential Growth. The Area’s Master Plan Includes Mixed-Use Projects With A Trade Area Population At 55,666 With 24,473 Households. It Receives Tremendous Exposure With 1.5 Million Tourist And 25,000+ Daily Trips Along The Grand Avenue (Business Located On The Busiest Traffic Count) Corridor. The Food Away From Home Potential Is Over 95,000,000 As Of August 2006 Report.
Competition:
This Is The Only Buffet “All You Can Eat” Style Restaurant In The Area. Three Other Chinese Restaurants Are In The Immediate Metro, But None Has The Location Or Size To Be Of Any Consequence. . One Is Take-Out Only, One Has Varied Hours And Seats Less That 25 Customers, The Other Is In The Main Tourist Part Of Town And Does Not Draw From Anywhere But A One-Mile Radius. This Restaurant Has Longer Hours, More Seating, Ambiance, And The Highest Traffic Intersection In The Area. This Is The Largest Chinese Restaurant In Area.
Area: Location: Central Coast, California
Business Description: Full Serve Restaurant
Price: 195,000
Gross Income: 650,000
Weekly Payroll 2,100
Ownership Structure: Sole Proprietorship
Tenure: Leaseholder
Lease: 5 Year
Rent: 5, 802 Includes Triple Net
Size: 3297 Sq Ft
Licenses: Type 41 (Beer And Wine)
Employees: 5 Pt 3 Ft (Includes 2 Working Owners)
Operating Hours: 11:30 Am-9:00 PM , 7days
Home Based? No
Relocatable? No
Franchise? No
Reasons For Selling: Owners Tired Of Restaurant Business
Owner Financing: Owner Will Carry With Substantial Down To Qualified Buyer.
Sba Qualified: No
Training Provided: 1 Week 20 Hours
Year Established: 1999
The Central Coast Of California Is One Of The Most Sought After And Lowest Cost Places To Live By The Ocean, With An Explosive Investment Real Estate Growth. Supported By Tourism And Surrounded By Pristine Beaches, Wine Country And Healthily Living Makes This A Dream Destination. The Area Is Still Small Enough To Be Considered Rural With Huge Growth Potential. Rarely Do You Find The Perfect Convergence Of Location, Land, Climate, Heritage And Architecture.
The Central Coast Represents A Truly Unique Opportunity. A Chance To Live In A Place Of Exquisite Beauty, Yet Have Close Access To Both Northern And Southern California And All Activities One Could Imagine. In This Kind Of Environment With So Much To Do And Explore, People Thrive, Families Bond, And Dreams, Quite Naturally, Take Flight. Located At The Exact Halfway Point Between San Francisco And Los Angeles, Local Government Supports Small Businesses And Growth Potential.
This Area Is Slated As The Next Malibu Beach, And A Smart Investor Would Get In Now And Grow With The Wealth. Observed By Jay Leno And Brad Pitt (Local Residents) As Their Best Place To Buy Property On The Coast Of California.
The Central Coast Will Exceed Your Expectations, Expand Your Opportunities And, Just Possibly, Help Set Your Life On A Whole New Course. Buying A Business On The Central Coast Will Allow You To Immerse Yourself In The Elegant And Unique Style. Owning A Business Here Offers A Completely New And Unique Opportunity To Live In This Dramatic Coastal Setting. Here Life Centers Around Adventure, Growth, Wellness, And Strong Personal Connections.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Gary Bayus, Broker at 805-773-5447 |
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