Business For Sale

Breakfast, Lunch, Dinner House

Not Disclosed, CA
Merced County


Asking Price: Annual Revenue:
$795,000 $2,755,800

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Breakfast, Lunch, Dinner House Broker: Steve Zimmerman

Quick Facts

Asking Price: $795,000
Annual Revenue: $2,755,800
Net Profit: Not Disclosed
Cash Flow: $317,004
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 107411533
Broker Reference #: 2973

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Business Overview:

SBA Loan pre-approved for this successful & profitable 4,000 square feet Breakfast, Lunch & Dinner House & Bakery which has been in the same ownership since 1995 with consistent annual profits above $300,000. The owner is Quasi Absentee as the day-to-day business operation is run by long term management. The owner oversee's the menu, back office, marketing and financials. Over 600+ customers daily enjoy full meals and homemade bakery products producing almost $2.8 million in annual revenue. The location near I- 99 enjoys the added benefit of being a University city with a population of 83,000. The neighboring cities of Turlock, Atwater and Modesto increase the local population in excess of 400,000. 23 years under the same ownership, this restaurant has an enviable local reputation with annual sales enjoying a strong growth spurt from the $2.4 million in 2015 to $2.8 million in 2017. Consistent month on month revenue of around $230,000 with the busy local support make this restaurant a relatively simple operation which should remain on it's current growth path to hit $3 million by 2020. Priced at $795,000 with a pre=approved SBA loan, a buyer would only need 25% cash down (approx $200,000) to purchase this successful and profitable restaurant. Buyer needs to possess restaurant management experience, a good track record and credit history and a 10 year SBA loan would be available. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail. RRC#: 2973

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1980 | Current Owner: 1995 | Employees: 30 Full Time & 30 Part Time | Seating: 190 | Square Footage: 4000 | Parking: 50+ | Licenses Required: Health Permit, Business and ABC Type 41 Licenses. | Days Open/Hours: 6am - 11am Daily | Reason For Sale: Other Interests.

FINANCIAL INFORMATION:
Yearly Revenues: $2,755,800 | Yearly Cash Flow: $317,004.

LEASE INFORMATION:
Monthly Rent: $7,500 Base/5% Rent + $1,600 NNN | Lease Expiration: 2022 | Yearly Adjustment: 4% Annually | Lease Option: 5 Year Option to Extend | Security Deposit: $7,500.

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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