Business Details

50's Diner - Fast Food

Location : San Diego

Type of Business : 50's Diner - Fast Food

Asking Price: $695,000
Inventory: $20,000

Gross Sales: $1,600,000

Summary of Business

Beautiful 50's Diner, with tons of memorabilia included in the sales price. Service is fast food style where you order at the counter. Not a full-service, table order restaurant. Business is manager run. The owner spends little to no time at the business as the owner lives 2 Counties away and rarely comes to the restaurant. Manager is paid a high salary and a new owner-operator can save $100-150,000 a year on manager salary. Above sales and net profit are taken from the 2023 Corporate tax return. This is a very clean operation, in need of new, loving ownership ready to spend time in this beautiful business and see it grow.

BUYERS: DO NOT TALK TO CUSTOMERS OR EMPLOYEES ABOUT THE BUSINESS BEING FOR SALE. IF YOU DO, THE SELLER WILL NOT SELL YOU THIS BUSINESS!!!!

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Other Details

Reason for Sale: The owner lives in the LA Valley. Too far away to oversee the operation.

Income

Gross Yearly Sales: $1,600,000
Adjusted Yearly Net Profit: $200,000

Rent

Total Rent: $14,851
NNN: $included in rent
Length of Lease: Lease expires: 2/28/25 Options Avail: 5 yrs. + 10 yrs.
Options: 0
Sq. Ft: 6,516

Employees

Hours of Operation: 8 am - 8:30 pm Daily Payroll: $39,000 mo. inc Manager

Expenses

Gas: $All utilities gas elec phone internet & TV $6000 mo.
Electric: $
Water: $inc. in CAM
Trash: $inc. in CAM
Cost of Goods: $38

Additional Details


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