Gross Revenue: $353,484
Profitable American Diner in Martinez
This profitable American Diner is an independently owned, established diner located in Martinez, a charming historical town in Contra Costa County.
A local favorite American diner with regulars, they serve delicious good value American diner style food. They have excellent service and are consistently highly rated in Yelp reviews. “.. Amazing service. Delicious Food …… we highly recommend it” (Yelp review, July 2015) “…..The food was good and priced well. Definitely go back…” (Yelp review.July 2015 “…..Why 5-stars?...the food taste homemade… the service is super friendly..” (Yelp review..Aug. 2015) This diner is spacious, well decorated and provides a welcoming ambience and a positive experience for its loyal customer base. They serve a great value breakfast and have an extensive lunch menu. Together with his wife, the Owner manages the Café with 3 FT employees and 1 PT. A well set up kitchen equipped with a big size hood, makes it convenient and easy for the kitchen staff to work. The current loyal customer base is mainly drawn from the community close by. This Owners generate income and net profits from dine-ins, online ordering, deliveries and catering to large groups. According to the Owner, online ordering and deliveries contribute 30% to the annual income providing a growing addition to net income. Competition: There is no other independently owned American Diner that offers a full menu of American diner style food within 5 miles of the immediate area. Growth/Expansion: Total revenue has grown consistently year on year over the past 3 years and the Owner stated that there are strong opportunities for more growth and expansion with the right buyer. The ideal buyer could be a bistro/café owner looking to increase overall revenue by expanding into this community or, an individual, a husband and wife team, or siblings who are interested to get into the food retail industry with established growing cash flow and customer base. Support/Training: Owner will provide training for a seamless transition. Reason for Selling: Owner is moving on to other interests Financials Sales - $353,484 SDE (Seller’s Discretionary Earnings) -$ 45,765 Asking Price: $95,000 Lease Base rent $6,200/mth NNN - none Size: 2000sqft Expiration 2016 /Option 5 years Furniture/fixtures/equipment :Included Training(included) 2 weeks on site – 20hrs/week Employees 3FT, 1PT Gross Income $353,484 : SDE $45,765 Owners 2(husband and wife team) Opening Hours Mon- Fri. – 6.00am to 3pm; Sat -Sun 6.30am – 3pm Facilities size 2000 sq ft Business Established 2012 Type retail DISCLAIMER: This Information has been provided by the Seller(s). Broker has not verified this information and makes no representation as to its accuracy. Prospective Buyers(s) should rely upon their own verification and that of their financial and legal advisors of this information. For more information, contact: Soo Kong Lim, Business Broker, BRE# 01778443 Tel: 408 828 9784 Email: email@example.com
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