Business Overview

This is a family-friendly countryside eatery in Petaluma that provides a delicious spin on contemporary comfort food with BBQ, burgers, tacos, etc. There is a large outdoor area that serves as a prime spot for a fabulous Beer Garden with their custom hardwood tables inside and out. This restaurant is fully equipped with an 8 ft. Type 1 hood, large walk-in refrigerator, 3smokers, large Argentine Grill, 3 compartment sink, hand sink, 6 burner gas range, deep fryer, 2 flat grills, ice machine, tables, chairs, picnics tables, umbrellas & much more. This opportunity is ready for a Buyer to take over this excellent restaurant and carry on with the
current menu or convert to another cuisine. This is a completely turnkey business, which is ready for your vision, menu & creativity.

This restaurant is located right outside of historic and picturesque Petaluma. Restaurant is approximately 1500 square feet + an additional 1000 square foot patio (approximately) that is used as the Beer Garden. The rent is $3,500/month and the current lease expires 7/31/2023 with 2 five-year options to renew. There is plenty of parking available in the on-site parking lot and the restaurant has 50 seats inside the restaurant, with seating for at least 40 additional diners on the outdoor patio seats on outdoor patio.

PRICE INCLUDES: Furniture, fixtures, equipment, training period, goodwill leasehold interest, leasehold improvements, trade name, and an ABC On-Sale Type 41 On-Sale Beer & Wine License

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 & that of their financial &/or legal advisors with regard to this information.

Financial

  • Asking Price: $119,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell companies. However, the genuine factor vs the one they say to you might be 2 entirely different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competitors, recent decrease in profits, or a range of various other factors. This is why it is extremely vital that you not depend absolutely on a seller's word, however rather, utilize the vendor's answer along with your general due diligence. This will repaint a much more realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that profit margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new clients? Most times, businesses have repeat consumers, which form the core of their everyday earnings. Specific factors such as new competitors sprouting up around the area, road building and construction, and also personnel turnover can impact repeat customers as well as adversely affect future revenues. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the possibility to construct a returning client base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the local mean home income impact future earnings prospects?