Price Reduced! - ''bld'' Franchise Diner - $175,000 In Annual Profits

San Joaquin County, CA

Price Reduced! - ''bld'' Franchise Diner - $175,000 In Annual Profits
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Asking Price: Get Financing: $450,000

Cash Flow: $175,008

Gross Revenue: $1,485,996

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Price Reduced! - ''bld'' Franchise Diner - $175,000 In Annual Profits

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Business Description

Price Reduced! - ''bld'' Franchise Diner - $175,000 In Annual Profits Located In Major City On I-205

RRC#: 2984
Asking Price: $450,000
Location: San Joaquin County, San Joaquin County, California
Yearly Revenue: $1,485,996
Yearly Cash Flow: $175,008
Monthly Rent: 10,381 including NNN

LISTING DESCRIPTION:
The price has just been reduced for this SBA loan pre-approved popular Breakfast, Lunch and Dinner franchise diner with a beer and wine license. Bank will lend up to 75% of the purchase price to well qualified buyers with strong financials and good credit. Extremely popular and successful franchise Diner located on edge of major city right on I-5 Hwy, surrounded by many other franchise restaurants and in a major shopping mall. Annual sales of $1.486,000 producing 12% profit ($175,000). Seating for 120 indoors plus an attractive outdoor patio seating a further 40. Fully fitted kitchen which is only three years old since the total new build-out in 2015, costing in excess of $950,000. The Lease still has 12 years remaining and there is also a ABC type 41 beer and wine license included with the sale. The franchise is local to California and has only a 4% royalty fee which is low for this style of restaurant. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2000 | Current Owner: 2015 | Employees: 30 | Seating: 120 + 40 Patio | Square Footage: 3800 | Parking: 100+ Parking Lot | Licenses Required: Health, Business & ABC Type 41 License. | Days Open/Hours: 6am - 11pm Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,485,996 | Yearly Cash Flow: $175,008 |

LEASE INFORMATION:
Monthly Rent: 10,381 including NNN | Lease Expiration: 2025 | Yearly Adjustment: 2.3% | Lease Option: Two 5 year Options | Security Deposit: 10,000 |

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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