ABOUT THE BUSINESS
Asking Price: $375,000
Gross Sales: $1,344,752
Location: San Luis Obispo , Ca.
Inventory $40,000 (Included at wholesale value)
***CONFIDENTIALITY IS OF THE UTMOST IMPORTANCE TO THE SELLER. ALTHOUGH YOU MAY RECOGNIZE THIS POPULAR LOCATION, DO NOT SPEAK TO THE SELLERS OR THEIR EMPLOYEES ***
Long term established as an S Corp in 1989 / same owner since then, operating, profitable, excellent location, superb condition, quality FFE, amenities include long term favorable lease rate, utilized banquet room, strong established community branding with catering expansion opportunities.
A complete turn-key operation. This beautifully designed and well-appointed restaurant of approx. 4605 square feet including banquet room, foyer and bar, located in a busy shopping center . Seating capacity is approx. 180. There are quality and distinctive leasehold improvements which include intimate dining spaces including a fireplace, custom light fixtures, foyer, bar and back bar with wine rack, under counter refrigeration, 10 foot ceilings and more. All this adds up to an eclectic elegance which makes a perfect space for full service dining or even a more casual fast concept. Fully equipped and efficient kitchen with 10 burner, 12 foot type 1 hood and well executed line. 2 ADA bathrooms. Includes a type 41 transferable license.
Leasehold Improvements valued at $185,000.
Employees : 32 includes 28 part time and 4 full time Owner works 40 hrs per
Rent: $10,000.+ CAM/Utilities. Includes 4605 sq ft for dining & kitchen space.
Term to 2031 includes 3 years + (2) Five year options to renew. Base rent - $2.50 per sq ft.
Seating : 180
*Wall Art excluded from Sale and available on Consignment
DISCLAIMER: the Seller herein furnished the information to Vivian Hanover, Broker & Pacific Coast Brokers, Inc. Who makes no representation or warranty as to its accuracy or completeness. Future Discretionary Earnings may differ from past Discretionary Earnings.
If you are interested in purchising this business or would like more information, please feel free to send us a message. We will get back to you as soon as possible.