Profitable Napa Restaurant- Great Location, $900k Sales, $120k Profit
Profitable Napa Restaurant- Great Location, $900k Sales, $120k Profit- Fixed Rent- Price Reduced!
Asking Price: $145,000
Location: Napa County, Napa County, California
Yearly Revenue: $900,000
Yearly Cash Flow: $120,000
Monthly Rent: 5,383 all inclusive
This well established Napa County business produced $123K cash flow in 2013 and $120K in 2014. The owner spent about $90K on a substantial remodel of the interior and equipment in 2014. The owner works approximately 30 hours per week in a hands on capacity, with one full time and two part time managers. The current seating is 125 but the premises has an allowable maximum seating capacity of 140. The interior features attractive stonework, beamed ceilings, porcelain tile flooring, and large glass windows on to sides of the restaurant, and a well designed server and order expediting area and separate payment counter with two POS terminals. The well equipped, quarry tiled kitchen has 13’ type 1 hood with recently serviced Ansul system, 3’ griddle, two double fryers, 4’ char grill, two humidified heating cabinets, and bread warmers. The are two 7’ x 9’ walk-in coolers with glass door access, a large 3-door reach-in freezer, 2-door and 3-door under counter refrigerators, and 2-glass door reach-in. Prep kitchen equipment includes a steam kettle, commercial slicer, robot Coupé processor, 20 qt. mixer, ice machine, multiple stainless prep. tables, and wire shelving storage units. There is a separate dishwashing room with large stainless clean and soiled tables, large 2-compartment sink, 2- hand sinks, above ground grease trap, separate closet for mop sink and cleaning supplies. There is a private office, and the entire premises is wheelchair accessible and has two ADA restrooms. The lease term runs until June 2024, with the base rent fixed at $4,583 with no annual increases for the 3,400 sq. ft, and approx. $800 is paid monthly as NNN expenses covering property taxes, maintenance and property insurance. A 5% percentage rent will apply if annual sales (net after sales tax) exceed the annual rent break even point of $1,099,920. Although the business is currently operating as a franchise, it is not offered for sale as such. The opportunity for buyer''s is to take over the long lease with under market rent, and continue with a lunch and dinner menu concept similar to the franchise, or introduce a new menu and concept that could also include breakfast service. The benefit to Buyers is not having to pay franchise royalty and advertising fees. This is an excellent, highly visible location with constant all day traffic, and a long standing clientele.
Organization: Corporation | Year Established: 1986 | Current Owner: 2006 | Seating: 125 | Square Footage: 3,400 | Parking: Parking lot, street | Licenses Required: Health Dept, ABC Beer & Wine | Days Open/Hours: Daily 11a-9p | Reason For Sale: Other Interests |
Yearly Revenues: $900,000 | Yearly Cash Flow: $120,000 |
Monthly Rent: 5,383 all inclusive | Lease Expiration: June 1, 2024 | Yearly Adjustment: No increases | Lease Option: Negotiable | Security Deposit: None |