Profitable Popular Casual American Restaurant - Variety Menu

La Quinta, CA (Riverside County) (Relocatable)

Seller Financing Available
Profitable Popular Casual American Restaurant - Variety Menu
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Asking Price: $250,000

Cash Flow: $152,656

Gross Revenue: $596,292

EBITDA: N/A

FF&E: $40,000

Inventory: $8,000

Rent: $6,912 /Month

Established: 2006

Profitable Popular Casual American Restaurant - Variety Menu

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Business Description

Beer and Wine

This popular restaurant located on busy Hwy 111 has been serving loyal customers and tourists visiting the area for over 12 years. While open for breakfast lunch and dinner they have become a favorite spot for their breakfast due to their delicious breakfast burritos. Prices more reasonable than competition drive large crowds to this establishment year round and the large capacity allows for a quick turnover of customers.Located in a busy shopping center with big box anchors and plenty of parking.
Family atmosphere with wide open dining room. Huge professional kitchen with 2 high capacity griddles, grill, deep fryers,and a large 2 room walk-in.
Profitable operations provide owner $65K SDE.
Don't miss this opportunity!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This location is part of a well known local chain of restaurants with different ownership structures. Currently, there are two owners with one managing another location and one managing this location. The owner at this location is slowing down and wants to retire. He will continue to run his location and support new owner with knowledge.
Financing:
$125,000 - 4 yrs - 8%
Support & Training:
One owner will train and the other owner will continue to run another branch of this restaurant and offer guidance and support.
Reason for Selling:
retiring
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Rick Rayl

Business Listed By:
Rick Rayl

Transworld Business Advisors Coachella Valley

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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