#487
Quincy Restaurants For Sale

Prime Real Estate Included: Landmark Restaurant for Over 40 Years

$645,000

This landmark quick service restaurant has served both locals and travelers since 1963. Offering quality burgers and shakes this drive-in or walk-up restaurant offers beautiful grounds to enjoy your lunch or dinner. Included in the sale is Prime Real Estate just under 1/2 (.42) acre centrally located in the heart of the business district with spectacular views of the surrounding mountains. The Real Estate is situated on two separate lots, the first lot is 11,325 Sq Ft and the second lot is 6,969 Sq Ft, both with Highway Frontage and services. Zoning is C-2 offering lots of options for this land. This business proves year after year consistent sales and excellent cash flow. Open only eight months out of the year this restaurant has been absentee run for the last few years and show's no signs of slowing down, a new owner could easily increase profits by taking a hands on approach to the business. If you are looking for an investment you could lease back the restaurant or sell the business, develop the vacant lot for your own business or another lease back. opportunity. This is a great opportunity to leave the city behind to be your own boss without taking a cut in pay. This is a very rare opportunity; the business cash flowed $90,298.00 in 2006 all the while being closed for nearly Three months. Owner is very motivated and willing to carry the note with 40% down for 25 years at only 8.75% interest. There is also SBA financing available with 20% down, good credit and an experienced buyer.
Take the next step to register and complete the online confidentiality agreement to get the restaurant name and address. Also you'll be given previews to our new listings in the future, giving you the greatest chance to �scoop in� the best opportunities as they become available.
Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:

Quincy Restaurants For Sale

Financials

Last Year's Annual Gross:

$330,704

Last Year's Owner's Cash Flow:

$90,298

Last Year's Food Cost %:

39.6

Last Year's Payroll Cost %:

27.4

Operations

Hours Open:

7 days 11:00- 9:00
Closed nearly 4 months a year

Year Established:

1963

Hood System Type 1:

Yes

Facilities

Outdoor Seating:

100

# of Parking Spots:

Inside Sq. Ft.:

725

Lot Dimension:

180' x 110'

Highlights

Prime Real Estate Included: Zoned C-2
Owner Carry w/40% Down 8.75% Amortized over 25 years
Two seperate Lots with Highway Frontage & Separate Services
Quick Service Landmark Restaurant
Closed 3 1/2 -4 months a year
SBA Financing Available
Beautiful Outdoor Seating for 100 +
Quick Service Since 1963
High Traffic Area & Excellent Visibility
Consistent Sales and Cash Flow
Absentee Run w/Remote Surveillance System
SBA Approved for Loan with 20% down @ 8% or less for 10 years.

Financing

Will SBA Finance:

Yes

Will Seller Lend To Buyer:

Yes

Seller Carryback of Purchase Price:

60%

Demographics

Population	5-mi
2014 Total Population	3,823
Households	5-mi
2010 Number Of Households	2,800
2010 Persons Per Household	2.19
Median House Value	$238,987
Income Per Household	$50,809
Businesses	5-mi
2009 Number Of Businesses	202
2012 Number Of Employees	3,548
2012 Total Annual Payroll	$69,071,000

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.