Business Overview

Very unique opportunity to purchase an iconic Sonoma County Restaurant. This award-winning restaurant serves breakfast and lunch six days a week and offers a combination of indoor and outdoor Seating. The business is located in a beautiful building and is a community hub for locals, tourists and cyclists. Next operator could add dinner and extend days of operations. Owner will train a qualified buyer.

ADDITIONAL DETAILS:

-The restaurant is 2,025 square feet (approx.) with inside seating for 74 (approx.) and outside, patio dining for 34 (approx.)

-Rent is $4,100 (approx.) monthly plus $1,030 NNN. Landlord will work with a qualified buyer on a new lease or lease assignment.

-Restaurant equipment includes 10’ X 6’ (approx.) Type-1 hood; 4’-6” Type-1 hood, Salamander; Southbend 4-burner stove with 5’-0” flat-top grill and 2 ovens: Wolf 4-burner stove with 2’-0” flat-top grill; Manitowoc ice machine; several sandwich prep stations; Pitco double-basket deep fryer; Baker waffle makers; 2-compartment sink; hand sinks; and much more

-The restaurant had operated 7 days a week for many years and now operates 6 days a week: Friday-Wednesday, 7:30am-2:00pm. Closed Thursday.

– Owner works 18 hours per week with 7 full-time and 7 part-time employees. Prior to Covid owners worked 25 hours per week with 6 fulltime and 19 part-time employees

-Inventory is valued at $7,000 (approx.) and is not included in the purchase price

-Premise is licensed with a Type-41 Beer & Wine license

PRICE INCLUDES: Furniture, fixtures and equipment, leasehold interest, leasehold improvements, goodwill. brand, DBA, menu, recipes and concept. Some personal items may be excluded from the sale.

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers regarding this information

Financial

  • Asking Price: $349,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. Nonetheless, the real reason vs the one they say to you might be 2 absolutely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a variety of other reasons. This is why it is really vital that you not depend totally on a vendor's word, but rather, make use of the seller's response in conjunction with your general due diligence. This will repaint a much more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover items like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new consumers? Most times, companies have repeat customers, which create the core of their daily revenues. Certain elements such as brand-new competitors growing up around the location, road construction, and also employee turn over can impact repeat customers as well as adversely influence future earnings. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the possibility to construct a returning customer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local average home income impact future income potential?