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- RE: Restaurant - Hi Volume - Short Hours
- Contact: Agent On
- License #: 1995716
Quick Facts
Asking Price: | $700,000 | |
Annual Revenue: | $1,500,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $85,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1956 | |
Employees: | 20 | |
BBN Listing #: | 938980 | |
Broker Reference #: | 5432 NK |
Business Overview:
Listing # - 5432 NK This esteemed American restaurant, a beloved staple since its establishment in 1956, presents a unique opportunity for a new owner. Operating with a consistent schedule of 6 AM to 2 PM, six days a week, it boasts a high volume of patronage, nurtured under the same ownership for an impressive 48 years. Housed in a free-standing building, complete with its own parking area, this restaurant enjoys an excellent location in a high-income neighborhood close to the beach, offering the potential for expanded business hours to include dinner service. Despite its longstanding success and excellent reputation for high-quality food—a legacy that has attracted generations of customers—the restaurant currently maintains a limited presence on social media, suggesting an area ripe for growth. The current owner, who has managed the restaurant part-time due to commitments to a full-time job, has upheld the establishment's tradition of excellence. The restaurant is renowned for its dedication to quality, which has solidified its status in the community. The major monthly expenses include rent at $6,000, food costs at approximately 33% or $41,000, labor costs at $50,000, utilities at $4,000, and insurance at $3,000. This operational overview indicates a well-run establishment.
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Reason for Selling:
Retire
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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