Burgers and beer at the beach!
Here is the opportunity you have been waiting on.
Long established burger joint with drive thru, beer and wine license and views to the Pacific Ocean.
This restaurant has been a neighborhood favorite for decades and is ready for the next owner to reap the benefits of the years of goodwill build up.
Lots of ways to improve sales and profitability the current owner has owned the restaurant since 2007 and is ready to retire.
Located on super busy road with a nice front patio and large dining area, there is plenty of room for dine in customers and a great beach decor atmosphere.
Beer and wine license is already in place.
The drive through provides quick and easy access for customers in a hurry.
Sales verified via tax returns were $690,885 in 2017 and $710,993 in 2018.
Adjusted net for 2018 was $137,600.
SBA LOAN AVAILABLE: This business has solid tax returns and will qualify for an SBA loan with as little as 10% down, but please plan on 20% down. So with $60,0000 down, the Annual Loan Payment (P&I) for 10 years is about $35,000 a year leaving you with $102,000 a year cash flow for a working owner!
Seller rarely works at the restaurant but is able to bring in substantial income.
If you are ready to roll your sleeves up and get to work as an owner operator this restaurant will be a gold mine. Just by being here you will save on employee labor, cost of goods and all the other improved efficiencies that a working owner brings to the table.
Restaurant space is approximately 2500 sq. feet inside plus another 400 sq. feet of outside patio area.
Monthly base rent is $7,336.
NNN is approximately $1,300/month
Current lease term expires September of 2019 with two five-year options available.
Don’t miss this opportunity to have it all steps from the beach in a consistently high volume and profitable restaurant.
|2014 Total Population||40,136|
|2010 Number Of Households||14,109|
|2010 Persons Per Household||2.43|
|Median House Value||$704,100|
|Income Per Household||$75,681|
|2009 Number Of Businesses||1,136|
|2012 Number Of Employees||19,932|
|2012 Total Annual Payroll||$576,109,000|
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