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4,000 Sq Ft Breakfast, Lunch, Dinner House & Bakery Located In Busy Central Valley University City

Merced, California : Restaurants
Listing #2973

4,000 Sq Ft Breakfast, Lunch, Dinner House & Bakery Located In Busy Central Valley University City RRC#: 2973 Asking Price: $795,000 Location: Merced County, Merced County, California Yearly Revenue: $2,755,800 Yearly Cash Flow: $317,004 Monthly Rent: $7,500 Base/5% Rent + $1,600 NNN LISTING DESCRIPTION: SBA Loan pre-approved for this successful & profitable 4,000 sq ft Breakfast, Lunch & Dinner House & Bakery which has been in the same ownership since 1995 with consistent annual profits above $300,000. The owner is Quasi Absentee as the day-to-day business operation is run by long term management. The owner oversee's the menu, back office, marketing and financials. Over 600+ customers daily enjoy full meals and homemade bakery products producing almost $2.8 million in annual revenue. The location near I- 99 enjoys the added benefit of being a University city with a population of 83,000. The neighboring cities of Turlock, Atwater and Modesto increase the local population in excess of 400,000. 23 years under the same ownership, this restaurant has an enviable local reputation with annual sales enjoying a strong growth spurt from the $2.4 million in 2015 to $2.8 million in 2017. Consistent month on month revenue of around $230,000 with the busy local support make this restaurant a relatively simple operation which should remain on it's current growth path to hit $3 million by 2020. Priced at $795,000 with a pre=approved SBA loan, a buyer would only need 25% cash down (approx $200,000) to purchase this successful and profitable restaurant. Buyer needs to possess restaurant management experience, a good track record and credit history and a 10 year SBA loan would be available. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail. GENERAL INFORMATION: Organization: Corporation | Year Established: 1980 | Current Owner: 1995 | Employees: 30 FT & 30PT | Seating: 190 | Square Footage: 4000 | Parking: 50+ | Licenses Required: Health Permit, Business and ABC Type 41 Licenses. | Days Open/Hours: 6am - 11am Daily | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $2,755,800 | Yearly Cash Flow: $317,004 | LEASE INFORMATION: Monthly Rent: $7,500 Base/5% Rent + $1,600 NNN | Lease Expiration: 2022 | Yearly Adjustment: 4% Annually | Lease Option: 5 Year Option to Extend | Security Deposit: 7,500 |

Asking Price:

$795,000

Gross Income:

$2,755,800

(last 12 months)
Cash Flow:

$317,004

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

4,000 Sq Ft Breakfast, Lunch, Dinner House & Bakery Located In Busy Central Valley University City

RRC#: 2973
Asking Price: $795,000
Location: Merced County, Merced County, California
Yearly Revenue: $2,755,800
Yearly Cash Flow: $317,004
Monthly Rent: $7,500 Base/5% Rent + $1,600 NNN

LISTING DESCRIPTION:
SBA Loan pre-approved for this successful & profitable 4,000 sq ft Breakfast, Lunch & Dinner House & Bakery which has been in the same ownership since 1995 with consistent annual profits above $300,000. The owner is Quasi Absentee as the day-to-day business operation is run by long term management. The owner oversee's the menu, back office, marketing and financials. Over 600+ customers daily enjoy full meals and homemade bakery products producing almost $2.8 million in annual revenue. The location near I- 99 enjoys the added benefit of being a University city with a population of 83,000. The neighboring cities of Turlock, Atwater and Modesto increase the local population in excess of 400,000. 23 years under the same ownership, this restaurant has an enviable local reputation with annual sales enjoying a strong growth spurt from the $2.4 million in 2015 to $2.8 million in 2017. Consistent month on month revenue of around $230,000 with the busy local support make this restaurant a relatively simple operation which should remain on it's current growth path to hit $3 million by 2020. Priced at $795,000 with a pre=approved SBA loan, a buyer would only need 25% cash down (approx $200,000) to purchase this successful and profitable restaurant. Buyer needs to possess restaurant management experience, a good track record and credit history and a 10 year SBA loan would be available. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1980 | Current Owner: 1995 | Employees: 30 FT & 30PT | Seating: 190 | Square Footage: 4000 | Parking: 50+ | Licenses Required: Health Permit, Business and ABC Type 41 Licenses. | Days Open/Hours: 6am - 11am Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $2,755,800 | Yearly Cash Flow: $317,004 |

LEASE INFORMATION:
Monthly Rent: $7,500 Base/5% Rent + $1,600 NNN | Lease Expiration: 2022 | Yearly Adjustment: 4% Annually | Lease Option: 5 Year Option to Extend | Security Deposit: 7,500 |


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