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- RE: Restaurant About ½ Million Yrly Sales, 4.5 Hrs A Day
- Contact: David Smith
Quick Facts
Asking Price: | $179,000 | |
Annual Revenue: | $494,823 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $11,500 | |
Real Estate: | Not Disclosed | |
Year Established: | 2008 | |
Employees: | 6 | |
BBN Listing #: | 999493 | |
Broker Reference #: | CALRESBOT |
Business Overview:
Beautiful fully equipped restaurant. This restaurant makes about half a million in annual sales and is only open Tuesdays through Saturdays from 4:30 PM to 9:00 PM. (closed Sundays & Mondays) If you do the math the work hours add up to only 4.5 hours a day or 22.5 hours a week.
This restaurant has a type 1 hood, walk-in cooler, pizza oven, 1800 sq ft, inside seating for 53 and outside patio seating for another 18 people. Also has a full bar setup.
There is NO breakfast or Lunch sales being made here. So, lots of sales are being missed out on. But even with all those missed sales this restaurant still does close to $500,000 in annual sales. The owner tells me he sometimes shuts off online ordering because it gets too busy. If that doesn’t scream at you, more MONEY could be made here, then hey maybe you should reevaluate how you evaluate business financials.
It’s also important to know that the owner works just the front of the restaurant, he is not the chef. So, if a new owner is or could be the chef, lots more money (profits) could be in your pockets. Currently this restaurant serves up great Italian cuisine, but with this location and fully equipped set up just about any food concept could be prepared and served here.
Probably some other good food choices for this location would be Indian food or breakfast type offerings. Not much competition and does have a large Indian population in the area without many good sit-down restaurant choices close by. But if you do keep the same food concept your customer base is already built up for you (since 2008).
If new owner adjusted the open hours to incorporate some lunch sales or was a chef or a good wanna be chef, then the labor costs would also have more favorable net sales. Fully equipped, lots of tangible potential just needs you to give us a call to set up your personal looksee.
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Property Features and Assets:
Monthly lease is only $4,686 with the triple net included. Lease expires in Jan 2028 and has an option to extend. The size is 1800 sq ft, with indoor seating 53, and outdoor patio seating 18. Boasts a type 1 hood, walk in refrigeration and a pizza oven in the kitchen. Lots of new appliances & Lots of free parking.
Market Competition and Expansion:
Lots of ways to expand the already good sales, from adjusting the operating hours to incorporate lunch sales. This current owner works the front of the restaurant he is not a chef. So, if new owner could take on the chef’s role that would put more meatballs in the sauce ($$$) for you. With this fully equipped set up here you could take this restaurant in any direction you want. There are very few sit down fine dining restaurants close by so you can have this whole neighborhood to yourself.
Reason for Selling:
Retiring. Kindly ask the seller for more information.
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
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