San Luis Obispo Restaurants For Sale
San Francisco Restaurants For Sale
Monterey Restaurants For Sale
Very Profitable Casual American Cuisine Restaurant for Sale in Beautiful San Luis Obispo County
This restaurant owner has hit a home run that once you sit you’ll love it and you’ll want to not only buy the business, but you’re going to want to live in this beautiful city! This is a five star restaurant! The owner works part time in this fresh classical American cuisine that’s surrounded by an elegant yet comfortable atmosphere that’s perfect for the causal diner as well as for that special date or high-end dinner party. Located in a revitalized downtown area of a large city that’s between Monterey to the north and Santa Barbara to the south and just minutes from the coast, this restaurant has established a name for itself through excellent service and quality product.
There currently is a general manager, executive chef (shared between two restaurants) and two managers to help you with this business. It serves lunch and dinner 7 days a week and has a beer and wine license.
Revenues are strong and costs are controlled, reflecting the quality of the people running the restaurant as well as the superior cuisine that is consistently delivered with each meal. There is certainly room for improvement of the costs, if you’re inclined. 2012 revenues were $1,243,000 with food and beverage cost of sale running at slightly more than 33% and labor costs running nearly 35%. 2012 Adjusted Net is about $345,000. But if you want to keep all the staff then the net is about $300,000.
The low rent of only $3,200 a month and the HUGE profit makes this an attractive investment that the SBA will finance with 20% or more down depending on your qualifications and credit history.
Select the red button "Sign NDA" to get the process underway to open a new chapter in your restaurant career!
Broker of Record Rob Tade DRE License #01339409
Lease
San Francisco Restaurants For Sale
Monterey Restaurants For Sale
Financials
Operations
5pm-10pm
Facilities
Highlights
- Self-Running Upscale Restaurant
- Serving American Cuisine
- Elegant Atmosphere, Yet Casual
- Wonderful Downtown Location
- The Entertainment Center for the City
- Quint Old Building, Great Shops and Shopping
- Art District
- Plenty of Parking in Street and Parking Lots
- Lot of Profit!
- Revenues Growing
- General Manager and Managers in Place
Financing
Demographics
| Population | 5-mi |
|---|---|
| 2014 Total Population | 46,353 |
| Households | 5-mi |
| 2010 Number Of Households | 16,255 |
| 2010 Persons Per Household | 2.68 |
| Median House Value | $355,600 |
| Income Per Household | $62,529 |
| Businesses | 5-mi |
| 2009 Number Of Businesses | 1,235 |
| 2012 Number Of Employees | 26,564 |
| 2012 Total Annual Payroll | $479,863,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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. DRE License # 01339409.
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