50's Style Diner, Money Maker, Manager Run

Oceanside, CA
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Asking Price:$695,000
Gross Revenue:$1,600,000
EBITDA:$200,000
Cash Flow:$200,000
Rent:$14,851
Established Year:2010
BUSINESS DESCRIPTION

Beautiful 50's Diner, with a 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. 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 a $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.


DETAILED INFORMATION
Location
Oceanside, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,516
Lease Expiration
28/02/2040
Employees
13
Financing
Potential SBA financing
Support & Training
as needed
Reason for Selling
Owner lives far away
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