Large Restaurant in Ramona For Sale

Ramona, CA (San Diego County)

Large Restaurant in Ramona For Sale
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Asking Price: $90,000

Cash Flow: $60,000

Gross Revenue: $563,000

EBITDA: $64,000

FF&E: $65,000

Inventory: $15,000*

Rent: $2,664 /Month

Established: 1979

*not included in asking price.

Large Restaurant in Ramona For Sale

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Business Description

This restaurant has been around for 40 years. It is 3600 sq ft. It has a number of banquet room. It seats 100 people. The base rent is only $2,650 per month. The current restaurant also has a take out store attached for pizza. There are 12 part time employees. The restaurant is open 6 days per week. Mostly for dinner during the week and dinner and lunch on the weekends. It has a type 41 Beer and Wine license. It is located in a small strip center off the main street.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
10/31/2023
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3600 sq ft. 2 Banquet rooms. Outside patio. Full kitchen. ADA bathrooms. Walk-in refrigerator and 2 standing freezers. Type 41 Beer and Wine. Separate take out shop/area for pizza and food to go. 6 large ovens. large Food prep area. Seats 65+. Currently and Italian restaurant with good Yelp ratings.
Competition:
There are only 2 Italian restaurants in the area and this one is by far the preferred one. There would be a big addition to the business if there was delivery
Growth & Expansion:
Delivery would be a big addition. Catering also would be possible. The restaurant is only open for dinner during the week. The restaurant could be changed to any other type of food service. It is the largest restaurant space in the area.
Financing:
Seller is moving on to other ventures
Support & Training:
Owner will train on recipes.
Reason for Selling:
Owner is moving on to other ventures
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(from currently available funds)
 
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Jim Miller

Business Listed By:
Jim Miller

Berkshire Hathaway HS CP - Commercial

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