Listing Number: 2401-552621
Description
Iconic family restaurant in the beautiful rural town of Ramona in San Diego North East County, known for its delicious homemade meals using only high-quality fresh ingredients, served with friendly hospitality and amazing service. A longtime local favorite serving award-winning breakfast, delicious lunch and dinner. The menu has something for everyone. The customers come from not only the immediate area, but from surrounding communities nearby, and more than 70% are regulars. Open Monday through Saturday from 6 am to 8 pm and Sunday from 6 am to 3 pm.
Operating in a stand-alone building with approximately 2800 sq ft of recently remodeled space including a 800sq ft patio. There is also an upstairs with 2 residential apartments. While the apartments are not offered as part of the restaurant, the sellers are prepared to entertain offers for the sale of the whole building in addition to the restaurant.
Opportunities for growth include offering catering, online orders which the software system supports, order pads used by servers at the tables and delivery service.
The staff include 3 full-time and 21 part-time highly qualified individuals. There is a Front of House and Back of House Manager working together to assure the high quality and excellent service the business is known for.
The seller is mostly absentee, and an owner operator could step in to continue to maintain the restaurant's excellent reputation and grow the business.
Possibility to live and work at the same location. Building has 2 separate suites above the restaurant. Great for a family.
Sales in 2023 were just over $1,000,000 and the Seller's Discretionary earnings were $112,303. The business is offered at $295,000 and includes a modest amount of inventory and all the FF&E.
The building net revenue, including NNN for the restaurant, is approximately $123,000 per year. The building is available for purchase for $2,000,000.
Listing Details
- Price: $295,000
- Down Payment: $295,000
- Sellers Discretionary Earnings: $112,303
- Total Sales: $1,041,202
- Location: San Diego County, California
- Inventory: $10,000
- FF&E: $50,000
- Employees: 24
- Year Established: 1950's
- Reason for Selling: Retirement
- Category: Restaurants
