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Price Reduced- Modern Concept With Strong Branding And Great 5yr Lease For This Turn-key Restaurant

Alameda, California : Restaurants
Listing #2942

Price Reduced- Modern Concept With Strong Branding And Great 5yr Lease For This Turn-key Restaurant RRC#: 2942 Asking Price: $199,000 Location: Alameda County, Alameda County, California Yearly Revenue: $686,484 Yearly Cash Flow: $78,000 Monthly Rent: $3,442 LISTING DESCRIPTION: Location is what continuously makes this modern concept restaurant thrive. Under-market rent for a beautifully designed, modern concept restaurant in rapidly developing part of the East Bay, Complete with contemporary branding and a strong customer base, this 5 day a week operation is spot on with modern decor, featuring natural light and a vibrant color palette, accents the fresh, innovative product indicative of the East Bay culture, and on-par with national industry trends. Multiple sales channels include restaurant, robust catering division, and farmers market pop-up. This 4.5 star rated business is perfect for a team with skills that include both front and back of house talents. Operating in a booming location that could easily offer evening fare and adult beverages for increased sales, with proven interest from developers in more locations, Great opportunity if the buyer is interested in expansion. Industrious, energetic and adventurous are just a few of the words used to describe the goals of this new proprietor. This completely turn-key restaurant includes a delivery van and all the additional equipment needed but is not limited to, 8x7’ Walk in refrigerator, 13’ Type 1 hood with Ansul system, 2 door commercial freezer, Turbofan Convection Oven, 24” Charbroiler, 24” Countertop Hotplate, 2 Pitco double basket deep fryers, 1 20qt Globe mixer, 1 2door counter height reach-in refrigerator, 1 3door sandwich refrigerator, 1 350lb ice maker, S/S prep tables and all the racking and small wares to run this profitable business. Fill out the NDA above to receive more information on this fresh concept. GENERAL INFORMATION: Organization: Corporation | Year Established: 2009 | Current Owner: 2009 | Employees: 3FT/7PT | Seating: 26 | Square Footage: 1800 | Parking: Street | Licenses Required: Health, Business | Days Open/Hours: M-F 11-3 | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $686,484 | Yearly Cash Flow: $78,000 | LEASE INFORMATION: Monthly Rent: $3,442 | Lease Expiration: 4/2019 | Yearly Adjustment: 3% | Lease Option: (2) 5 year options | Security Deposit: 3545 |

Asking Price:

$199,000

Gross Income:

$686,484

(last 12 months)
Cash Flow:

$78,000

(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

Price Reduced- Modern Concept With Strong Branding And Great 5yr Lease For This Turn-key Restaurant

RRC#: 2942
Asking Price: $199,000
Location: Alameda County, Alameda County, California
Yearly Revenue: $686,484
Yearly Cash Flow: $78,000
Monthly Rent: $3,442

LISTING DESCRIPTION:
Location is what continuously makes this modern concept restaurant thrive. Under-market rent for a beautifully designed, modern concept restaurant in rapidly developing part of the East Bay, Complete with contemporary branding and a strong customer base, this 5 day a week operation is spot on with modern decor, featuring natural light and a vibrant color palette, accents the fresh, innovative product indicative of the East Bay culture, and on-par with national industry trends. Multiple sales channels include restaurant, robust catering division, and farmers market pop-up. This 4.5 star rated business is perfect for a team with skills that include both front and back of house talents. Operating in a booming location that could easily offer evening fare and adult beverages for increased sales, with proven interest from developers in more locations, Great opportunity if the buyer is interested in expansion. Industrious, energetic and adventurous are just a few of the words used to describe the goals of this new proprietor. This completely turn-key restaurant includes a delivery van and all the additional equipment needed but is not limited to, 8x7’ Walk in refrigerator, 13’ Type 1 hood with Ansul system, 2 door commercial freezer, Turbofan Convection Oven, 24” Charbroiler, 24” Countertop Hotplate, 2 Pitco double basket deep fryers, 1 20qt Globe mixer, 1 2door counter height reach-in refrigerator, 1 3door sandwich refrigerator, 1 350lb ice maker, S/S prep tables and all the racking and small wares to run this profitable business. Fill out the NDA above to receive more information on this fresh concept.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2009 | Current Owner: 2009 | Employees: 3FT/7PT | Seating: 26 | Square Footage: 1800 | Parking: Street | Licenses Required: Health, Business | Days Open/Hours: M-F 11-3 | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $686,484 | Yearly Cash Flow: $78,000 |

LEASE INFORMATION:
Monthly Rent: $3,442 | Lease Expiration: 4/2019 | Yearly Adjustment: 3% | Lease Option: (2) 5 year options | Security Deposit: 3545 |


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