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Price Reduction! Busy Restaurant With Unique Show Kitchen

Oakland, California : Restaurants
Listing #3000

Price Reduction! Busy Restaurant With Unique Show Kitchen & Retail In Culinary Downtown Oakland. RRC#: 3000 Asking Price: $625,000 Location: Oakland, Alameda County, California Yearly Revenue: $1,706,376 Yearly Cash Flow: $230,844 Monthly Rent: 6218 Inclusive NNN LISTING DESCRIPTION: This Highly successful restaurant concept has been in business for only 3 & 1/2 years but has grown from $1 million in sales revenue year 1, 2015 to $1.7 million in year 3, 2017 and is still growing. SBA funding has been pre- approved for well qualified buyers with restaurant experience and excellent financials. Therefore Buyer''s only need $160,000 cash down to enjoy the current return in annual profits exceeding $230,000. Monthly Rent is extremely low for the area at $6,218 and a mere 4% of current sales. The owners want to move to another state due to personal family issues and need to sell their successful, growing business. Nestled in a great corner location with huge curb appeal, this business has nothing but upside. Annual profits in 2017 are $230,00 and expected to be greater in 2018. A show kitchen with 20ft Type 1 Hood with fire suppression system & a full line of flame cooking equipment is displayed & on-view to customers. Simple counter style service with meats and salads on display and a beer & wine bar counter. This unique restaurant has found it''s Niche and is the talk of the town in this fast growing culinary city "by the Bay." The list of equipment included with the sale is extremely large and state of the art. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail. GENERAL INFORMATION: Organization: Not Available | Year Established: 2014 | Current Owner: 2014 | Employees: 23 | Seating: 100 | Square Footage: 2600 | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License. | Days Open/Hours: Daily 11am - 9pm | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $1,706,376 | Yearly Cash Flow: $230,844 | LEASE INFORMATION: Monthly Rent: 6218 Inclusive NNN | Lease Expiration: 2019 | Lease Option: Two 5 Year Options | Security Deposit: 3250 |

Asking Price:

$625,000

Gross Income:

$1,706,376

(last 12 months)
Cash Flow:

$230,844

(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 Reduction! Busy Restaurant With Unique Show Kitchen & Retail In Culinary Downtown Oakland.

RRC#: 3000
Asking Price: $625,000
Location: Oakland, Alameda County, California
Yearly Revenue: $1,706,376
Yearly Cash Flow: $230,844
Monthly Rent: 6218 Inclusive NNN

LISTING DESCRIPTION:
This Highly successful restaurant concept has been in business for only 3 & 1/2 years but has grown from $1 million in sales revenue year 1, 2015 to $1.7 million in year 3, 2017 and is still growing. SBA funding has been pre- approved for well qualified buyers with restaurant experience and excellent financials. Therefore Buyer''s only need $160,000 cash down to enjoy the current return in annual profits exceeding $230,000. Monthly Rent is extremely low for the area at $6,218 and a mere 4% of current sales. The owners want to move to another state due to personal family issues and need to sell their successful, growing business. Nestled in a great corner location with huge curb appeal, this business has nothing but upside. Annual profits in 2017 are $230,00 and expected to be greater in 2018. A show kitchen with 20ft Type 1 Hood with fire suppression system & a full line of flame cooking equipment is displayed & on-view to customers. Simple counter style service with meats and salads on display and a beer & wine bar counter. This unique restaurant has found it''s Niche and is the talk of the town in this fast growing culinary city "by the Bay." The list of equipment included with the sale is extremely large and state of the art. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Not Available | Year Established: 2014 | Current Owner: 2014 | Employees: 23 | Seating: 100 | Square Footage: 2600 | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License. | Days Open/Hours: Daily 11am - 9pm | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,706,376 | Yearly Cash Flow: $230,844 |

LEASE INFORMATION:
Monthly Rent: 6218 Inclusive NNN | Lease Expiration: 2019 | Lease Option: Two 5 Year Options | Security Deposit: 3250 |


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