Established Breakfast/Lunch Restaurant with $182,000 Profit, SBA Pre-Qualified for 90% Loan

RRC#5357
Asking Price: $425,000
Location: San Luis Obispo County
Annual Revenue: $812,000
Annual Cash Flow: Contact for Info
Monthly Rent:$3702

Listing Description:

This Breakfast & Lunch restaurant has been pre-approved for an SBA loan with 90% financing!

Making it easy for a qualified buyer to obtain with 10% cash down ($42,500) and the remaining 90% ($382,500) financed with the Bank.

Well-established and successfully serving the community for over 40 years.

Located in a thriving shopping center in a popular city. Operating just 7 hours per day, the restaurant enjoys a strong base of regular customers.

The dining room has an open airy feeling with lot of windows and has a combination of tables and chairs, booth and counter seating. There is a full kitchen, prep kitchen, dishwashing area, 2 ADA restrooms, storage and office areas.

Some of the major equipment includes as follows: 12' type 1 hood with fire suppression system, 6' flat grill with ovens underneath, 4' griddle with 2 burners, fryer, Alto Sham, 2 freezers, 3 refrigerators, undercounter refrigerator with sandwich station on top, ice machine, 2 microwaves, 5' steam table, slicer, 2 compartment sink, hand sink, counter mixer, Cuisinart, dishwasher, and toasters, etc.

This is an excellent opportunity for an owner operator that wants to work only a limited number of hours weekly.