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Franchise Restaurant, B And W, Full Service

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1200000
Net Profit / Cash Flow  $173720
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Training  4 weeks franchise training locally.
Reason for Sale  Owns 7 restaurants - consolidating to cut down time.
Description  Newly remodeled dining area May 2012. Beautiful franchised restaurant in 4,950 square foot, freestanding corner building on a major commute street in an affluent city in the South SF Bay Area (Silicon Valley). Recently remodeled to conform to current franchise decor standards, looks great! Building upgrades 2 years ago included new tile roof, new HVAC and new sewer lines throughout to the street. Inside, 2011 remodel of dining area, new range, griddle and grill in the cookline. This restaurant is very well-equipped with three walkins (2 ref 1 freezer so veggies and meat are never stored in the same ref) plus two ice machines - if #1 goes down the use #2 while #1 gets repaired, so you are never without ice. Beer and wine license. Experienced staff - chef has been at this restaurant for 25 years and most of the staf has been there over 10 years. Absentee owner has 7 restaurants spread out over a large part of Northern CA and spends very little time at this restaurant. He feels that an owner/operator who greets the customers and adds his ''personal touch'' to their dining experience plus being active in the community could easily grow sales and profits. Owner is selling to consolidate his interests.
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