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Food, Fun & Music
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1989
Number of Employees 10 - 19
Inventory 50000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale Other Business Interests
Description Approximately 15 years and continues to do business under the same name. A retail food business with a unique and desirable location downtown and adjacent to the creek and Mission Plaza where many tourists congregate regularly. The business is well known for it's healthy food fare, red umbrella-ed outdoor tables on a large patio in the sun with live music playing on weekends. The customers who frequent the establishment can eat indoors or out and are of a wide reange of age catagories. Everyone likes the menu which has been consistent for the past 15 years of sandwiches and salads. There is a beer and wine license. The current owner has expanded the menu to include tri-tip, burgers, soups, chili, falafels and more. Although there are many food establishments to choose from downtown SLO, very little compares to this in regards to location and lunch time ambiance.
With 4 full-time employees including the owner's wife. The Owner has a full time job and puts very few hours into the business. Additionally there are 5-7 part times employees. The owner just installed a new video/computerized surveilance system so that he can keep watch of the store from home.
The street level portion of the facilites includes approx 1,400 sq ft of dining and ktichen area (2.50 per sf), downstairs is approx 1,200 sq ft of storage, bathroom and office space(1.50 per sf). This includes a walk in refrigerator unit. The large patio is a shared space for all tenants in the Mall. This is charged by CAM fees.We use 80% of the patio and we share in 20-30% of the costs to maintain it. CAM fees are calculated based on our net sales. The CAM fees run approx $1,400-$1,800 per month. Contact for more information on this Food business for sale.
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