This Northern California based Ethnic Restaurant is a California Subchapter-S Corporation and was started 14 years ago and has been under current ownership since inception. The husband-and-wife custom designed the interior of the restaurant, with a custom-built bar, wine storage, etc. They are published cookbook authors and offer authentic cuisine from their native country in this upscale community in Northern California. They also serve beer and wine (Type 41 ABC License). They offer indoor and outdoor dining, and to go orders and work with Grubhub, DoorDash and other delivery services. This restaurant and location is perfect for a new type of cuisine or a continuation of the existing restaurant style.
- Asking Price:
- $199,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- Cash Flow:
- Real Estate:
- Premises Details:
- Size in square feet:
- 1750 sq ft
- Expansion Potential:
A large portion of the business directly comes from word of mouth and repeat customers (considering the number of years they have been in business they have a large installed base of customers, and their high reputation in market), but they also have significant online reviews (58 Google Reviews at 4.8 stars) and market through their website. They are only operating at 3 days per week for dinner only, and business could significantly be increased by marketing much more extensively on social media as well as opening more days per week and serving lunch as well. This restaurant was open much more, but the owners decided to scale back and only serve dinners 3 days per week.
- Competition / Market:
There are no other restaurants that offer a similar cuisine in this affluent community. There is competition from other restaurants, but none that serve this type of authentic food and offer the ambiance and experience that you get at this restaurant.
- Trading hours:
Days: Thursday - Saturday, Hours: 5pm to 9pm
- Full Time: 2, Part Time: 2
- Years established:
- Support & training:
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner. Any additional training beyond this time would be agreed to at mutually agreed upon terms between the Buyer and Seller.
- Financing available:
Seller financing is available for up to 25% of the purchase price, at an interest rate of 6.5% over 5 years. The amount of Seller financing will depend on the purchase price as well as the quality of the Buyer.
- Furniture / Fixtures value:
- $80,000 - included in the asking price
- Inventory / Stock value:
- $8,000 - included in the asking price