seller_photo
Steve Zimmerman Contact This Broker
Oops, you're not logged in...
To send your message, either login or provide us with a password and we'll create your account. or
Login and your message will be sent. Your message can be edited above.




Give us a password and we'll create your account. Your message and account details can be edited above.




Newly Remodeled Restaurant $1650 Month Rent & Long Term Below Market Lease

Oakland, California : Restaurants
Listing #2892

Newly Remodeled Restaurant $1650 Month Rent & Long Term Below Market Lease RRC#: 2892 Asking Price: $145,000 Location: Oakland, Alameda County, California Yearly Revenue: $444,000 Yearly Cash Flow: $64,980 Monthly Rent: 1650 all inclusive LISTING DESCRIPTION: Recently opened and $350,000 spent on this remodeled restaurant in one of the more desirable neighborhoods in the Oakland Hills. There is a glass frontage, open airy dining area with combination of tables and chairs and counter seats, display kitchen and patio seating. There is a very desirable low rent. Some of the equipment includes as follows: type 1 hood with fire suppression system, POS system, ice cream machine, 2 door under counter freezer, 3 spindle mixer, 2 double basket fryers, bun toaster, 2 - 2 door under counter refrigerators, 2 under counter refrigerator drawers, hand sink, 4'' flat grill, ice machine, 3 compartment sink + rinse hose, walk-in refrigerator and 6 lockers, etc. There is also an ADA restroom. This is an excellent opportunity for a hands on owner operator. There is a long term below market rent and the monthly base rent is as follows: 3/1/6-2/28/18 - $1500 3/1/18-2/28/20 -$1600 3/1/20-2/28/22 - $1680 3/1/22-2/28/23 - $1730 3/1/23-2/28/24 - $1782 3/1/24-2/28/25 - $1836 3/1.25-2/28/16 - $1891. GENERAL INFORMATION: Organization: Corporation | Seating: 25 + Patio seating | Square Footage: 700 approx | Parking: Street | Licenses Required: Business | Days Open/Hours: Sun-Thurs 11:am-8:30pm Fri & Sat 11am-9:30pm | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $444,000 | Yearly Cash Flow: $64,980 | LEASE INFORMATION: Monthly Rent: 1650 all inclusive | Lease Expiration: 2/28/2026 | Yearly Adjustment: See narrative above | Lease Option: 5 years |

Asking Price:

$145,000

Gross Income:

$444,000

(last 12 months)
Cash Flow:

$64,980

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0


Newly Remodeled Restaurant $1650 Month Rent & Long Term Below Market Lease

RRC#: 2892
Asking Price: $145,000
Location: Oakland, Alameda County, California
Yearly Revenue: $444,000
Yearly Cash Flow: $64,980
Monthly Rent: 1650 all inclusive

LISTING DESCRIPTION:
Recently opened and $350,000 spent on this remodeled restaurant in one of the more desirable neighborhoods in the Oakland Hills. There is a glass frontage, open airy dining area with combination of tables and chairs and counter seats, display kitchen and patio seating. There is a very desirable low rent. Some of the equipment includes as follows: type 1 hood with fire suppression system, POS system, ice cream machine, 2 door under counter freezer, 3 spindle mixer, 2 double basket fryers, bun toaster, 2 - 2 door under counter refrigerators, 2 under counter refrigerator drawers, hand sink, 4'' flat grill, ice machine, 3 compartment sink + rinse hose, walk-in refrigerator and 6 lockers, etc. There is also an ADA restroom. This is an excellent opportunity for a hands on owner operator. There is a long term below market rent and the monthly base rent is as follows: 3/1/6-2/28/18 - $1500 3/1/18-2/28/20 -$1600 3/1/20-2/28/22 - $1680 3/1/22-2/28/23 - $1730 3/1/23-2/28/24 - $1782 3/1/24-2/28/25 - $1836 3/1.25-2/28/16 - $1891.

GENERAL INFORMATION:
Organization: Corporation | Seating: 25 + Patio seating | Square Footage: 700 approx | Parking: Street | Licenses Required: Business | Days Open/Hours: Sun-Thurs 11:am-8:30pm Fri & Sat 11am-9:30pm | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $444,000 | Yearly Cash Flow: $64,980 |

LEASE INFORMATION:
Monthly Rent: 1650 all inclusive | Lease Expiration: 2/28/2026 | Yearly Adjustment: See narrative above | Lease Option: 5 years |


Bizilla Reference # 26004 :   Report this listing