Seller's Contact Information
- RE: 20 Years Local Breaktfast And Lunch Diner
- Contact: Kevin Chung
- License #: 567204
Quick Facts
| Asking Price: | $425,000 | |
| Annual Revenue: | $737,892 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $159,847 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1999 | |
| Employees: | 13 | |
| BBN Listing #: | 736219188 | |
| Broker Reference #: | 001225 |
Business Overview:
Established breakfast and lunch cafe of over 20 years is available for acquisition. This eatery is located in a 2,000 Square Feet of a retail strip center in the heart of an Industrial area that brings a great amount of traffic on weekdays and many residents and families from the single homes located on the outskirts of the industrial area. The menu consists of traditional American dishes such as Eggs, Omeletes, Pork Chop, Chicken Fried Steak, Pancakes, Biscuits, etc. Gross sales have averaged $65,000 to $70,000 a month the past 4 years except in 2020 due to Covid. There are other breakfast and lunch spots in the area but this establishment has an established clientele of over 20 years from all over the metroplex. Even after 20 years in business, this establishment still has plenty of room for growth as it currently is lacking any marketing and an online presence and relies on word of mouth. This establishment is a perfect opportunity for both experienced restaurateurs and for someone looking to purchase their first restaurant.
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Property Features and Assets:
This establishment is located in a 2,000 Square Feet space of a retail strip center in the middle of industrial warehouses and businesses surrounded by single homes on the outskirts of the industrial area. All furniture, fixture, and equipment are in excellent working condition as the current owner has replaced major equipment in the last several years. / Inventory: $6,000 (Included in listed price).
Market Competition and Expansion:
Competition: None in the immediate area. Growth and Expansion: Expanding business hours and adding 3rd party delivery can drastically increase revenue.
Reason for Selling:
Retirement
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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