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For Sale: American Diner - Martinez, Contra Costa County


Current Status: Active     Posting #: 228872     Last Refreshed: 11/15/19    
Contact: Soo Kong Lim At 408-828-9784 , 408-342-3000  -  Also Email This Contact Below
Price:  $75,000     Down:  $75,000     Adjusted Net:  $89,297     Revenue:  $402,070    
Business Address:  None Given     City:  Martinez     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Call
Martinez, Contra Costa County American Diner Business For Sale

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For Best Results & Response, Email & Phone This Contact: Soo Kong Lim at 408-828-9784 and 408-342-3000.

  Description About This Posting: American Diner
Profitable American Diner located in Martinez, established Diner in the same location for over 20 years, serving a full menu of home-style breakfast and lunch with great upside potential to increase sales.

Great location away from downtown competition.
Stand Alone Building. Excellent visibility, 3-way frontage signage to attract drive-by traffic..
A hometown favorite for over 20 years. Resilient to competition and market changes.
Beer and wine license.
Clean books and records. Employees 2 full-time / 3 part-time
Size: 2,000 sq. ft.
Open: Mon - Sun, 6am - 3pm.

Excellent service with consistently highly rated Yelp reviews.

Located in a stand alone building away from competitive downtown area. This diner has consistently increased its sales and net profits year on year and has a huge upside to growth in income and net profits for a new owner.

An established and profitable neighborhood favorite diner for over 20 years, they serve home-style breakfast and lunch with a small-town atmosphere to many loyal and growing customers.

This business has been in operation as a diner in the same location for over 20 years and provides an incoming buyer with the immediate potential to purchase into a steady revenue stream. The Cafe consistently produces revenue of over $400,000, with 3 Part-time employees and the current owners running this business actively. The current owner does not utilize any marketing or advertising, providing an incoming buyer the opportunity to capitalize on the current owner's investment in building a quality reputation up to this point. The storefront location is a spacious 2,000 sq. ft. standalone building

This is an opportunity for a new buyer to take over a turnkey business with employees and a loyal customer base intact and fully operational. The current owner is looking to move out of the area and is motivated to sell this business to the right buyer. This would be a fluid transition to new ownership without disrupting the current flow of business.

It has a well set up large kitchen equipped with a big size hood and a spacious dining area.

The Cafe is located in close proximity to the freeway with several new housing developments under construction. The current loyal customer base is mainly drawn from the businesses located close by and the residential neighborhood communities.

Gross income and net profits are from dine-ins, online ordering, deliveries and catering to large groups. According to the Owner, online ordering and deliveries contribute 30% to the annual income providing a growing addition to net income.

Competition: Established in the same location as a diner for over 20 years. A hometown favorite. Resilient to competition and market changes. The Cafe's location away from the competitive Martinez downtown area is a huge advantage as there are no other American Diner serving a full menu of home style American breakfast and lunch within the neighborhood.

Growth/Expansion: This Cafe is a successful, profitable and money making business. Total revenues have grown consistently year on year. The Owners have built a strong following of loyal regular clients and continue to grow the total sales revenue and net income for the family. The Owners stated that with its advantageous location away from the downtown completion, stellar reputation, standalone building 3-way frontage visibility, large dining area, there are many opportunities for the buyer to increase sales and net income. Beer and wine license included

This is a turnkey money making business. It has cash flow, an established customer base and the upside potential to easily increase sales income and net profit.

Support/Training: Owner will provide training for a seamless transition.

Reason for Selling: Owner is moving out of the area.

Investment Highlights:
Sales/p.a.: $402,070
SDE/p.a (Seller's Discretionary Earnings): $89,297
Asking Price: $75,000

Furniture/Fixtures/Equipment: Included

Facilities:
Size: 2,000 sq. ft.
Rent: $6,500/month (includes NNN). Lease until 6/22. Options can be negotiated.

Disclaimer: This Information has been provided by the Seller(s). Broker has not verified this information and makes no representation as to its accuracy. Prospective Buyers(s) should rely upon their own verification and that of their financial and legal advisors of this information.

To get more information about this American Diner business for sale in Martinez, Contra Costa County please phone Soo Kong Lim (Intermediary - BRE License #:017784483) at 408-828-9784 and 408-342-3000 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #228872 on BizBen.com. In addition to phoning Soo Kong Lim, make sure you email Soo Kong Lim above to get more info about this American Diner, to ask any questions or request an appointment to see this business for sale. Thank you.

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