Restaurant – Hi Volume – Short Hours

Listing ID - 01985432NK

This esteemed American restaurant, a beloved staple since its establishment in 1956, presents a unique opportunity for a new owner.

Operating with a consistent schedule of 6 AM to 2 PM, six days a week, it boasts a high volume of patronage, nurtured under the same ownership for an impressive 48 years.

Housed in a free-standing building, complete with its own parking area, this restaurant enjoys an excellent location in a high-income neighborhood close to the beach, offering the potential for expanded business hours to include dinner service.

Despite its longstanding success and excellent reputation for high-quality food—a legacy that has attracted generations of customers—the restaurant currently maintains a limited presence on social media, suggesting an area ripe for growth.

The current owner, who has managed the restaurant part-time due to commitments to a full-time job, has upheld the establishment's tradition of excellence.

The restaurant is renowned for its dedication to quality, which has solidified its status in the community.

The major monthly expenses include rent at $6,000, food costs at approximately 33% or $41,000, labor costs at $50,000, utilities at $4,000, and insurance at $3,000.

This operational overview indicates a well-run establishment with a clear financial structure, making it an attractive investment for those looking to own a piece of local history with the potential for further growth and development.

Down Payment: $700,000

Total Sales: $1,500,000

Cash Flow: $85,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: $15,000

Inventory Included: No

Year Established: 1956

Days & Hours of Operation: Open Wednesday Thru Monday (7am - 2pm)

Owner Hours Per Week: Part Time

Non-Owner Payroll: N/A

Employees: 20

Absentee Owner: No

Lease Option: 5 Years

Real Estate: N/A

Monthly Rent: $6,000

Type of Location: Free Standing

Square Footage: 3000

Reason For Sale:

Retire