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For Sale: Restaurant - Placer County


Current Status: Active     Posting #: 256071     Last Refreshed: 10/21/19    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $535,000     Down:  Call     Adjusted Net:  $193,257     Revenue:  $1,221,319    
Attributes:  Absentee Run, Training & Support     Cooperation With Brokers?  Call

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  Description About This Posting: Restaurant
SBA Pre-approved - Long Established - Breakfast and Lunch Restaurant with Beer & Wine & Patio.

RRC#: 3424
Asking Price: Offered At $535,000
Location: Placer County
Annual Revenue: $1,221,319
Annual Cash Flow: $193,257
Monthly Rent: $11,600 inc NNN

Listing Description:
This is a real Turn Key' opportunity. $535,000 asking price for this Breakfast and Lunch restaurant with annual sales of $1.2 million generating profits of $193,000. The business has good books and records with verifiable financials with all the staff and manager in place and a provable cash-flow. Established in 2005, this successful business has been in the same ownership for 14 years. SBA would lend up to 80% of the sale over a 10 year period so a well qualified buyer would only require around $140,000 down including fees. The owner is 100% absentee as the day to day operations are run under management. Current open until 3pm, the local demand for dinner business would be a huge opportunity for growth for the new owner to raise revenues another $500,000 annually. Located on busy street corner within a modern strip mall with a nice patio, good signage and great curb appeal this business is highly profitable today which can only increase in the future. Seating in the main dining room for 150 with an additional 24 on the patio. The kitchen has a 20ft Type 1 hood with fire suppression system and full cooking line to include; 2 flattops with ovens, deep fryer, 6 burner stove with oven, refrigerated worktops, rotary toaster, large walk-in coldroom and walk-in freezer. ample storage, office with 9 security cameras. Complete the Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & list of equipment included with the sale. We'll also send you the Broker's contact information so you can discuss this opportunity in more details.

General Information:
Organization: Inc
Established: 2005
Current Owner: 2005
Employees: 25
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $101,781
Monthly Cash Flow: $16,105
Annual Revenue: $1,221,319
Annual Cash Flow: $193,257
Payroll: $27,455
Monthly Revenue: $101,781
Monthly Cash Flow: $16,105

To get more information about this Restaurant business for sale in Placer County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #256071 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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