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Lake Elsinore, Riverside County, California
Asking Price
$1,200,000
Revenue
$249,650
Down
Call/Email
Cash Flow
Call/Email
Year Established:
1968
Employees:
7
Support & Training:
3 weeks / 20 hours week
Size in Square Feet:
2,300 sqft
Posting ID:
7561278
Business Category:
Restaurants & Food
Business Types:
American Restaurant
Attributes:
Real Estate Included
Training And Support
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SBA Approved & Absentee Run American Full-Service Restaurant Franchise in NorCal - SC2256
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This casual American full-service restaurant chain is a Northern California C Corporation and has been in operation for the past 24 years under the current ownership. The Franchisor has been in business for over 65 years as a go-to spot for breakfast, lunch and dinner. Known for its comfortable “come as you are” atmosphere, it serves as a popular, often late-night, dining option with a wide, reasonably priced menu. They have almost 1,800 locations across the United States and 13 countries outside of the US. The one ingredient that is always constant – a smile. This business is an absentee owned business. Financial Information $640,000 Asking Price $250,000 Cash Flow $1,500,000 Gross Revenue $640,000 Down Payment $150,000 Adjusted EBITDA Business Location City: Northern California State: California Reason for Sale The Sellers are selling to pursue other interests. Detailed information Year Established: 2002 Home Based: No Franchise: Yes Relocatable: No Lender Prequalified: No SBA Prequalified: Yes Full-Time Employees: 7 Part-Time Employees: 9 Contractors: N/A Owner Worked Hours/w: 5 Inventory Included: Yes Inventory Value: $10,000 Monthly Rent: $14,188 Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 5000 FF&E Included?: Yes FF&E Value: $45,000 Training/Support The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner. Additional training can be made available at a mutually agreed upon cost to the new Owner. Facilities This business operates out of 5,000 square feet with a base rent of $14,188 per month and monthly CAM charges of $1,351. The current lease expires in September 2027. Market Outlook/Competition Casual dining restaurants hold a staggering 72% market share in the Full-Service Restaurants Market due to their broader cuisine choices, diverse menus, and greater accessibility. These establishments cater to a wide range of tastes, offering everything from comfort food to international cuisine, making them appeal to diverse customer preferences.The North America Full-Service Restaurants (FSR) Market is expected to grow at a 2.5% CAGR during the forecast period 2025 to 2032. CA 02100708; NV 1003039
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