Cornerstone Breakfast & Lunch Operation- Ideal Sports Bar- Physical Building Included-price Reduced
RRC#: CURRENTLY NOT AVAILABLE- 2049
Asking Price: $199,000
Location: Petaluma, Petaluma, California
Yearly Revenue: $360,000
Yearly Cash Flow: inquire
Monthly Rent: $1,000 including CAM
This is a an established cornerstone operation serving Breakfast and Lunch. The restaurant is located in a very unique setting, adjacent to two golf courses, and near an airport, a huge residential neighborhood, and is easily visible from two large multi sport athletic fields. The operator owns the physical restaurant structure which is considered a commercial condo unit, with a long term land lease with the City. The operators pay a minimal $1,000 monthly expense amount for their share of property taxes and CAM, which also includes water and sewer for the restaurant. This all equates to vastly under market occupancy expense. Market rent for a comparable 2,000 sq. ft location that includes water would be $3,800 per month minimum. This very low occupancy expense greatly reduces the business fixed expenses, and is reflected in the adjusted cash flow. The interior seating area and large covered outdoor patio are comfortable and relaxed, with an amazing view of the countryside.The owner operates the business in a semi hands on capacity, working about 30 hours per week. This is an ideal business for a single owner Buyer or partnership team, with a huge upside for full time working owners to reduce payroll expenses. The business traditionally operates 11 months per year, and 2014 operating hours have recently been reduced, so the upside to increase sales and profit by expanding days and hours would be easily accomplished. The full kitchen is efficient and well appointed, featuring an 111 type 1 hood, 6-burner range and griddle unit with two ovens, a char grill two microwaves, gas salamander, double fryer, waffle baker, steam table.