Location
Contact Person
Annabelle Brownell
Phone
805-746-4870
Annual Revenue
$ 49,000
Price
$ 85,000
Cashflow
N/A
Category
Restaurant/Food Service
Year Established
1968
Employees
1 FT + 1 Owner
This old-fashioned diner has been family-owned since 1968. This well-respected, corner restaurant is primarily take-out with limited seating and service. It’s central location and reputation for quality food and warm, friendly service has produced consistent revenue over the decades. It is located approximately 2 miles off the 101 freeway, on a high-traffic main street in town with numerous customers surrounding it. City and agricultural workers, car dealerships, schools, and distribution company customers all repeatedly stop in to savor the burger, fries and shake style menu. A new shopping center will be opening across the street shortly which should further increase traffic. The site has benefited from a favorable relationship with the landlord and health department by staying up to code, such as a recently upgraded grease trap and environmentally-friendly storage system. In addition, there is a fully-inspected, new fire suppression system. Parking is plentiful both in the front and back of the location. Additional revenue stream opportunities exist with advertising and opening the diner on Sundays. Annual Gross Revenue of the business in the previous three years averaged $83,000 per year. Family obligations have taken the owner away from focusing on the business in the past years. Owner suggests prospective buyer to spend time in the establishment to ascertain the additional cash flow of the business. For additional information, please click on reply icon or e-mail directly at Annabelle@business-team.com or call (805) 746-4870 to learn more about this business.
Market Conditions & Competition
Located approximately 2 miles from the 101 freeway, on a high-traffic main street in town with many customers surrounding it. A new shopping center will be opening across the street shortly, increasing traffic flow. The restaurant is located on a corner with high visibility. Outdoor picnic area with take-out window, and indoor walk-up counter with limited seating inside.
Owner does not advertise which is an opportunity for a new buyer to increase clientele. Hours of operation can also be expanded to include dinner and Sundays. There is plenty of extra space in the kitchen and seating area that can be strategically incorporated to accommodate and increased flow of business.
Financial Summary
Seller will consider seller finance for qualified buyer.
Training & Support
Seller will provide training at no cost to buyer.
Reason for Selling
Family Obligations