Business For Sale

High Traffic Marin Restaurant- $905k Gross Sales

Marin County, CA
Marin County


Asking Price: Annual Revenue:
$249,000 $900,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: High Traffic Marin Restaurant- $905k Gross Sales Broker: Seller of Business

Quick Facts

Asking Price: $249,000
Annual Revenue: $900,000
Net Profit: Not Disclosed
Cash Flow: $156,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 103511533
Broker Reference #: 2444

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Business Overview:

High Traffic Marin Restaurant- $905k Gross Sales- $156k Cash Flow- Super Visibility- Price Reduced!

RRC#: 2444
Asking Price: $249,000
Location: Marin County, Marin County, California
Yearly Revenue: $900,000
Yearly Cash Flow: $156,000
Monthly Rent: 10,669 all inclusive

LISTING DESCRIPTION:
This centrally located business benefits from steady sales and profit, high motorist and pedestrian traffic, ease of access and high visibility. The premises is comprised of the 1,600 sq ft restaurant space plus 147 ft storage unit. The $10,669 all inclusive rent is for both the restaurant and storage unit, with the CAM charges covering water, sewer and garbage services for the restaurant. The open display style exhibition kitchen has immense production capacity, with a 7'' type 2 hood, plus 8'' and 9'' type 1 hoods with fire suppression systems. Line cooking equipment features a 6-burner range + griddle with 2 ovens, two 3'' char broilers, and a gas fired specialty oven. Line kitchen service equipment includes 1-door under counter fridge, 2-door salad prep fridge, single door kegerator with taps, 1-door beverage merchandiser, 5- pan steam table, and 3-panini grills. The prep kitchen is equipped with 8'' x 8'' walk-in cooler, 2-door under counter fridge, a large ice machine, Hobart food chopper, 3-compartment sink, 12'' stainless table with prep. sink, and hand sink. The adjacent store room is used for dry goods and beverages, employee lockers, additional and back up equipment storage and wire rack shelving units. The $156,000 adjusted cash flow for 2015 includes $76,600 net profit, owner personal expense add backs, the owner''s salary working hands on an average 20 hrs/wk in a GM capacity, and displacing 30 hrs/wk for the manager''s salary. The business name, menu, concept and branding are included in the sale. The business is also ideally formatted for a Buyer to revamp the concept and menu that could include pizza, pasta, Mediterranean and a variety of other potential concepts.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2009 | Current Owner: 2009 | Seating: 32 inside, 12 outside | Square Footage: 1,747 | Parking: Street, Parking lot | Days Open/Hours: Daily 10a-8:30p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $900,000 | Yearly Cash Flow: $156,000 |

LEASE INFORMATION:
Monthly Rent: 10,669 all inclusive | Lease Expiration: Dec. 31, 2018 | Yearly Adjustment: 3% | Lease Option: Two 5 year options | Security Deposit: 7,843 |

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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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