Get your hands on this hip and trendy burger restaurant located in oceanside area, a city world-renowned for its popular attractions including beautiful beaches. This casual-dining restaurant is located in a largely commercial area nearby various parks and just a couple blocks from the beach. The shopping center it is located in is extremely popular over the weekends and attracts heavy foot traffic from nearby shops. In regards to the footprint of the restaurant, it has approximately 2000 square feet with a large indoor seating area and a small outdoor patio.
With a type 41 liquor license, the restaurant sells both craft beers and a hand-picked selection of wines. The restaurant can easily be converted into another concept with landlord approval. It has a fully equipped kitchen also allowing a simple change of concept. The menu consists of mouth-watering burgers of the highest quality. Guests love the food and have awarded the restaurant 4 out of 5 stars built on over 400 yelp reviews.
Rather than spend hundreds of thousands of dollars to build a new business of your own, take advantage of this restaurant listed at a fraction of the cost.
Additionally, the landlord is open to renegotiating the lease!
Facilities & operations:
This restaurant has a semi-open kitchen, patio, and a separate seating area amounting to 2000 square feet in total. Total capacity for the restaurant is 40 inside and 12 on the outside patio. There are 6 years left on the lease with 2 separate 5 year options. Rent is $6000/mo. Including nnn. The landlord is open to renegotiating the lease.
Current management & labor:
Currently owner operated.
The kitchen is fully equipped.
The owner is open to financing, making it easy for experienced and qualified restaurant owners to turn this business into their own highly profitable pride of ownership restaurant.
Sales = $450k/yr. ($37k/mos)
Rent (17%) $ 77k/yr.
Labor (at industry standards of 30%) $ 135k/yr.
Cog (at industry standards of 30%) $ 135k/yr.
Misc. (credit card/insurance/etc. 10%) $ 45k/yr.
Yearly net pro forma (87% operating cost) 13% net profit = $58k/yr. Profit owner operator.
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