Winner of the Opentable 2014 Diner's Choice Award, this restaurant can now be yours with 30% down and an SBA loan! Yes, the owner hit a homerun with this concept as did the great chef who dreams-up these new pallet tingling delicious flavors! This is a 5 star restaurant with first class service, wine menu and wonderful cuisine. The staff is highly trained, smart and professional. With 240 reviews, most of Yelp readers give it 5 solid stars, rightfully so! I've eaten here twice and it is well deserved.
THE STORY: This is the owner's pride! This was his first restaurant - he has two others - after many year in the construction business. 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 diners as well as for that special date or high-end dinner party. Located in a revitalized downtown area of a larger city off the 101 highway in the center of wine country and just minutes from the coast, this restaurant has established a name for itself through excellent service and quality product.
THE STAFF: There currently is a general manager, executive chef and a manager to help you with this business. It serves lunch and dinner 7 days a week and has a beer and wine license. Of course the owner's cash flow will be less if you keep the general manager in place.
THE NUMBERS: 2014 sales should end-up in close to $1.3 million range and owner's cash flow should be about $210,000 range. Sales have been steady and strong over the past years, as have the cost management, reflecting the quality of the people running the restaurant as well as the superior cuisine that's consistently delivered with each meal. Once 2014 numbers are finalize, I'll update this info.
The numbers presented in this ad are from January 1, 2014 through November 8th 2014 and annualized.
LEASE: The low rent of only $3,800 a month and the HUGE profit makes this an attractive investment that the SBA will finance with no more than 30% down depending on your qualifications and credit history. The rent factor is an unheard of 3.5%!!!
SBA LOAN: This business is qualified for an SBA Loan, but are you? Please read this artcile before investing too much time on this restaurant: http://sellingrestaurants.com/news/getting-an-sba-loan-for-a-restaurant-the-short-story-version.html
Go to sellingRestaurants dot com listing 4214 for more details including video and photos.
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 |
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