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!

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