Hot dog restaurant in the n. Bay: semi-absentee owner
Annual revenue: $322,400
Annual net cash flow: $65,000
Furniture, fixtures & equipment: $25,000 (included in price)
Inventory: $2,000.00 (included in price)
Summary information: here is an excellent opportunity to live in the beautiful wine country and generate enough income to support a decent lifestyle. This is a highly recognized and successful hot dog restaurant brand serving the tastiest dogs in northern california, and it is relatively simple to operate. This is a semi-absentee ownership situation. A new owner who chose to work in the business full time would save considerable labor expense and add significantly to the bottom-line net profit.
Priced at only 1.66 times cash flow, this is an excellent value. A community favorite, this brand has been around for over 4 decades. Not your typical hot dog shop, the owner stresses cleanliness, excellent customer service with a friendly, well-trained staff and nothing but high quality ingredients.
The restaurant is in an updated shopping center with major retailers as anchors. There is plenty of foot traffic from the dense neighborhoods around the center. A wide variety of consumer options, such as banking and gas services, are in the center.
Interested parties must sign an nda & demonstrate relevant quick-service restaurant experience.
Location: san francisco north bay area -- northern california
Facilities: 1,200 sq. Ft. (est.). Existing lease has another 2 years with a 5-year option.
Competition: this business is insulated from competition by virtue of its unique menu, location and goodwill.
Growth and expansion: the foundation for this popular restaurant brand was laid decades ago and this relatively new location is quickly building on that. The business has left the start-up phase and is poised for further growth. A new owner could introduce longer operating hours and expand community involvement by further developing relationships with schools and businesses.
Support/training: negotiable, as needed to facilitate a successful transition to the buyer.
Reason for sale: other business opportunities
Year established: 2015
Employees: 1ft, 3pt
Financing: the seller may provide some financing for a well-qualified buyer with a substantial down payment.