NOT DISCLOSED, California
| Asking Price |
$475,000 |
Year Established |
2023 |
|
| Annual Revenue |
$1,000,000 |
Reason for Selling |
The reason the Seller is selling is to pursue other interests. |
|
| Annual P/L |
|
Attention |
Brett Sargent |
|
| Annual Cash Flow |
$200,000 |
Listing Number |
1007189 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This Northern California Full-Service Casual Dining Restaurant is a California S Corporation and was started 2.5 years ago by the current owner and has been popular and growing ever since. They are open from 11am to 9pm Monday through Friday and 9am to 9pm on Saturday and Sunday. They offer in-house full-service dining, along with private events and catering services as well. They have a Type 41 ABC license, serving beer and wine. They offer “from scratch dining” by partnering with local vendors to bring in the freshest ingredients supporting their community while delivering exceptional flavor in every dish. The Sellers have decades of restaurant experience, and every recipe they have has been perfected through decades in the restaurant business, bringing authentic home-style tastes to your table. This restaurant has become a local favorite through its rustic atmosphere, exceptional service and quality ingredients. This is a perfect spot for a romantic dinner or family gathering.
Property Features and Assets:
They currently operate out of a 2,800 square foot space with a base rent of $4,590 per month and monthly CAM charges of $1,400. The current lease is 5 years with a 5-year option, and it is assignable. The location of the restaurant is ideal and on Main Street in the town they are located in.
Market Competition and Expansion:
Casual dining restaurants hold a staggering 72% market share in the Full-Service Restaurants Market due to their broader cuisine choices, diverse menus, and greater accessibility. These establishments cater to a wide range of tastes, offering everything from comfort food to international cuisine, making them appeal to diverse customer preferences. The North America Full-Service Restaurants (FSR) Market is expected to grow at a 2.5% CAGR during the forecast period 2025 to 2032.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity