Turnkey Downtown Morgan Hill Diner Available

Morgan Hill, CA
Asking Price:$275,000
Rent:$5,000/Month
Gross Revenue:$523,000
Established Year:2020
BUSINESS DESCRIPTION

Own a beloved local gem with high foot traffic & a loyal customer base

Here is an opportunity to own a community favorite diner here in Morgan Hill. Known for its inviting atmosphere, diverse menu, and dedicated customer base, Papa’s Place offers a turnkey opportunity for an aspiring restaurateur or a seasoned professional looking to expand their portfolio. This restaurant comes fully furnished & equipped with well-maintained appliances and fixtures, as well as new flooring. A new owner can benefit by having extended hours of operation for dinner. There is an active beer and wine license that is transferrable. Plenty of parking in lot and on street-side. Hotel across the street will be tentatively completed by end of 2025 which will help surrounding businesses.


DETAILED INFORMATION
Location
Morgan Hill, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,057
Facilities
2 hallway bathrooms shared with the other businesses in the building
Competition
Prime corner location with a parking lot - there are only a few diners in the downtown hub. This location offers a relaxing, casual experience that many customers return back for
Growth & Expansion
Capitalize on Hotel Construction: Attract new customers from the upcoming hotel across the street, including travelers, tourists, and hotel staff Host Events: Introduce karaoke nights, live music, and private events to drive evening and weekend traffic Extend Hours: Expand operating hours to capture late night dinners, maximizing revenue potential Collaborate with the Hotel: Develop partnerships for catering, promotions, or exclusive discounts for hotel guests Sell Merchandise: Create custom clothing/souvenir options for customers to purchase
Reason for Selling
Move closer to family

BUSINESS LOCATION
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Matthew Pruitt
Matthew Pruitt