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Arroyo Grande, CA
Unlimited potential for the right buyer. Excellent location in the "Historic Village of Arroyo Grande" Well established business with plenty of "walk-ins", located in the heart of Old Town.
THE 411: Set in an intimate and elegant atmosphere, yet casual enough not to be a stuffy place because the staff, who is well trained, knows how to make you feel special and important, this restaurant opened to both strong reviews on Yelp and local magazines as well local media with sales averaging $125,000 for the first four months of its life. It is known for spectacular service and absolutely wonderfully creative American style cuisine at an affordable price.
And now the owner is leaving the state to build more of these concepts in Arizona, Colorado and Texas and he must sell it (them) immediately.
Located in a popular Hwy 101 beach community, this restaurant has been operating only 6 months and in the first 4 months sales were nearly $500,000 and that's before the holiday sales number's are reported. And in that same four month period, the working owner's cash flow was inexcess of $115,000! This is a good money maker.
BUILDING: There is 3,000 Sq. Ft. with seating for about 100 and an enclosed patio area seating about 12 customers. The building is completely renovated and is quite beautiful on a corner location in the heart of the downtown area with heavy traffic driving by the restaurant each day. The kitchen has about a 16ft hood system with Stove, Grills, Friers, oven...etc.
There is a bar area seating perhaps a dozen partrons and the restaurant serves wine and craft beers.
This is a turn-key operation with a general manager ans chef in place. The owners spend little time in the restaurant.
FINANCIALS: The first four months of operations has sales of nearly $500,000 and an owner's cash flow (no general manager) of about $115,000. That's an annual cash flow in the neighborhood of $345,000 annualized.
This is the second location for this brand, so it's not new. The first location is also for sale with sales in the $1.2 million range in 2014.
There is no financing for this locaiton as it has been open only for 6 months unless you own other restaurants and have good tax returns as well as good credit and at least 20% down.
Please go to SellingRestaurants dot com to get the name and location.
Arroyo Grande (CPA), CA
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