Great Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $666451
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Description This Fabulous restaurant is located close to the Wine Country in Northern California. It Sits On Almost An Acre Of Land That The Seller Owns And Wishes To Sell For $1,300,000 With Plenty Of Parking. It's owned by a husband (Cook And Kitchen Manager) & wife (Part-Time Restaurant Manager). Due to personal reasons they are selling their restaurant. The present owners have had this place for over 2 years, and bought it from a Chef who ran it as a Restaurant for 27 years. Lease: New 5 Years Plus One 5 Year Option. Rent: $5,300/M Including All Charges. Seats 73 Inside. Two Bathrooms. The Kitchen Is About 900 Square Feet And Is Fully Equipped And Completely Owned By The Owners. It takes 9 people to run the place on busy nights and no less than 6 People on slow days. The place recently started opening for lunch. It has been only a dinner Restaurant and closed on Tuesdays. The 2006 P&L: gross: $666,451 cost Of Goods Including Wine: $176,952 (Meat $59,882; Wine $43,960; Food $71,617) Advertising: $11,290 (6 Magazines and 3 Newspapers) Liability, Workman's, Health for Ft Employees: $20,333 Professional Fees: $8,144 Repairs: $8,331 Salaries/Wages: $169,500 Utilities: $26,197 Licenses/Permits: $1,319. The Sellers Will Not Carry A Note On The Business, But Would Be Willing To Carry A Short Note With Interest And Secured With Collateral. The Sellers Are Very Motivated. The Asking Price is $249,000. Yearly Net: $110,000. If you are interested please ask for Karina at 415-781-9300. Email or call for more information on this Restaurant for sale. There are pictures available.
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