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Sunbelt of Sacramento

Popular Full-service Restaurant In Northern California For Sale

Northern California, California, US
Asking Price:
$350,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,750,000
Cash Flow:
$120,000

This Northern California based Full-Service Restaurant is a California Limited Liability Company and was formed 7 years ago and has been under the same ownership since inception. Open 7 days a week, this restaurant’s menu offers inspirational breakfast/brunch, lunch, and dinner cuisine served in a trendy sophisticated interior setup and a large patio. They have a Type 41 liquor license serving beer and wine along with a full-service coffee program that rivals local coffee shops. They have over a 4 Star rating on Yelp and almost 4.5 Stars on Google. With modernized design and a sought-after menu offering, this restaurant has quite the following!
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Facilities:
They currently operate out of a 2,700 square foot space with a base rent of $10,792 and CAM charges OF $3,918. The current lease is a 10-year lease with a 5-year option.
Real Estate Available: No
Real Estate Included: No

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $14,710.00
Owner worked hours per week: 30
Market Competition: The United States Full Service Restaurants Market is expected to grow from a $324.9 Billion market size in 2024 to $554.12 Billion sized market with a CAGR of 11.27%! The largest share by cuisine is North American.

Property Information

Size in square feet:
2,700

Business Operation

Reasons for selling:

The reason for selling is Seller would like to pursue other interests.

Employees:
Full Time: 7, Part Time: 19
Years established:
7

Other Information

Support & training:

The Seller is willing to provide training at 30 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.

Financing available:

Downpayment Required: $350,000.00

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$30,000 - included in the asking price