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#3724
Crescent City, Eureka, Fort Bragg

Two Profitable and Easy to Operate Specialty Sandwhich Shops in Gorgeous Nor. Cal. Coastal Communities

$239,950
Sold
Two Profitable and Easy to Operate Specialty Sandwhich Shops in Gorgeous Nor. Cal. Coastal Communities
This Listing is Sold

Be the Big Fish in a Lil Pond with a low cost of living and Great Cash Flow!

Opportunity to own Profitable Restaurants

Have you been looking for an Opportunity where you "run the business" instead of the business running you?

This is it and was set up that way from the start !!

WANT TO GET-A-WAY: Beautiful Town Located in gorgeous Northern California Coast, where the huge redwoods meet the sea, these two profitable Sandwich shops businesses are easy to operate and learn for those who want to get into the food service business and even better for those who have the experience.  These are absentee/remotely operated businesses, well run, with a long history of profits and consistent annual sales. But a working owner will certainly improve the profits even more.

ONLY 20% DOWN: SBA Loan is available for these stores as they have good tax returns showing great income. So all you need is 20% down, good credit and experience.

Here is your chance to live in a beautiful location you've always dreamed about and make a very comfortable living with about $109,893 working owner cash flow. These are true turn-key operations with ten years behind them and you can learn the business through not only the owner, but also the managers operating the businesses. All the hard work has already been done and ready for you to take-over.

MANGERS IN PLACE: Each location has a manager and the stores are only a few miles from each other. This is a great opportunity for someone who does not want to reinvent the wheel, or is an experienced operator to take this proven concept to the next level. You can expand the operating hours to include a breakfast menu as well as adding a beer and wine license to increase sales revenues.
 

Systems: The owner set these Fully Equipped restaurants up right several years ago, while having time to raise the kids, pick them up from school and not have to worry. The owner being in the food service industry setup the main protein source to be of a high quality with volume purchasing ability and huge costs savings. That means of course Customers love the quality while the owner reaps the cost benefits....this is a highly successful arrangement that a new owner can benefit from. There is also state of the art POS systems in place to manage & control costs, " Food, employees and more. The POS also allows the owner to see reports remotely from home or a far including menu changes, daily sales even watch the staff enter a transaction.

Expand this Great concept.....and go Big or Stay as is with a wonderful lifestyle and cash flow!

The owner also has a great marketing system including all the social media hookups, university food card program, local advertising and online ordering and delivery!.

The seller states that the cash flow from this business allowed their family many financial and lifestyle opportunities that can now be yours...don't miss this one...they don't come along like this to often!

The owner will happily train a perspective owner for continued Success!

 

GREAT TRAFFIC: The diverse clientele draws from heavy University traffic, local business and residential community, and a significant tourist trade.  Both locations are wheelchair accessible with ADA restrooms, ample parking, excellent visibility and access offering indoor as well as outdoor dining areas.


LEASE INFORMATION:

Low Rent, Great Leases with options, Freestanding locations
Monthly Rent: $1,900 and $1,800 all-inclusive

Lease Expiration: Oct 2013 and April 2012 Lease Option: 5 years / 3 x 5 years | Yearly Adjustment: 1% | Security Deposits: $3,585 and $1,300 respectively.

FINANCIALS: 2012 Revenue: was $683,000  for two stores with an Owner's Cash Flow of: $109,893. Increase this sales/net as an owner operator! When the seller ran the operation daily....labor was down and sales were up.

The adjusted net as owner operator on a daily basis was pereviusly up over $130,000!

Detailed financials will be made available to qualified buyers.

REASON FOR SELLING: The Seller lives in Southern California and runs the restaurants absentee/remotely, but does visit the stores about every 6 weeks. Seller has other business interests in So. Cal that require his attention.

Seller will consider Offers!

This is a Paramount Restaurant Brokers, Inc., Listing.  A California Corporation

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Crescent City, Eureka, Fort Bragg
Lease Term:
loc. one expires Mar. 2016 +2/5 yr options loc. two expires oct. 1 2013 + 5 yr option
Total Monthly Rent:
1741/1977
Security Deposit:
$1,300

Financials

Last Year's Annual Gross:
$682,999
Last Year's Owner's Cash Flow:
$109,893
Last Year's Food Cost %:
35
Last Year's Payroll Cost %:
37
Last Year's Rent %:
6.7

Operations

# of Full-Time Employees:
3
# of Part-Time Employees:
4
Hours Open:
11:00am-9:00pm
7 days a week
Year Established:
2003
Hood System Type 1:
Yes

Facilities

# of Parking Spots:
20+
Inside Sq. Ft.:
1300/800
Outside Sq. Ft.:
200/400

Highlights

  • Highly Profitable
  • Turn-key operation
  • Stable income with good tax returns
  • Live in Beautiful Northern California Coast
  • Perfect for a family run business
  • Excellent lease terms and rents

Financing

Down Payment:
$55,800
Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 5-mi
2014 Total Population 22,496 22,674
Households 1-mi. 5-mi
2010 Number Of Households 9,892 10,067
2010 Persons Per Household 2.23 2.24
Median House Value $248,000 $247,129
Income Per Household $37,600 $37,791
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,057 1,071
2012 Number Of Employees 25,490 25,908
2012 Total Annual Payroll $455,569,000 $469,784,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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