Asking Price: $ 350,000
Type of Business: Family Restaurant / Coffee Shop
Location: Riverside County
Hours of Operation: Mon – Sat 7AM – 9PM / Sun. 7AM – 8PM
Gross Sales: $ 75,000 per month Currently (Pre-Covid sales were $90,000 per month +)
Adjusted Net Profit: $ 8-10 per month Currently (*Pre-Covid net was a solid $12,000 per month)
Total Rent: $ 4,568 per month
NNN: $ 325 per month for property tax
Length of Lease: 6/30/2030
Options: 5 + 5 + 5 years
Sq. Ft. 2700 sq. ft.
Occupancy: 60 seats inside and 50 seats on patio
Number of Employees:
Full time: 6 Part-time: 12
Payroll: $ 28,000 includes payroll tax
Insurance: $ 750 mo.
Gas: $ 3,500 mo.
Electric: $ included in gas
Water: $ 900
Phone: $ 200
Trash: $ 220
Internet and TV: included above
Cost of goods: 30%
Located in beautiful small community in North San Diego County. Long lease with low rent. High volume sales have been consistent for many years. Good net profit. Freestanding building with lots of parking and a large patio. Very busy Coffee Shop for many years. Serves Breakfast, Lunch and Dinner. The building, roof, plumbing, new parking lot and equipment are in great shape most replace in last few years. Long time Seller is recovering from cancer and now wishes to retire.