French Restaurant
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $1369416
Net Profit / Cash Flow $162464
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1995
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks.
Reason for Sale Retirement.
Description This restaurant with French theme in a busy area of an upscale Peninsula community is small, but solidly established and very profitable with a high sales volume. With very little marketing, the sales the past three years have averaged $1.3MM. The restaurant was founded over 10 years ago and has many loyal customers. It is on a busy street with lots of foot traffic. A beer and wine license is in place. There is a full commercial kitchen and a pleasant, informal dining area as well as outside seating. This restaurant has cash flow upside since the current owner is operating the restaurant as an absentee owner. The owner, who founded the business, is selling in order to retire. ASking $450,000. SBA pre-approved.
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