Busy Restaurant In Upscale Center In Petaluma For Sale

Business description

Wonderful Opportunity to Purchase a Turn-Key Restaurant in Petaluma! This Restaurant is Located in a Busy and Upscale Shopping Center Location Offering Great Exposure to Clientele. Currently Operating as a Mexican Restaurant, This Space Could Easily Convert to Other Food Types! Bring Your Concept to This Location Which Features a Beautiful Fully Equipped Display Kitchen!

This Restaurant has a High Asset Value and is Loaded with Equipment which makes for a Highly Efficient Operation. Per the Owner, Equipment Was All Replaced Within the Past Few Years and The Equipment is in 'Like New" Condition! This Restaurant has a Steady & Loyal Clientele with a Prime Location and Great Exposure in a Busy Shopping Center Surrounded by a Densely Populated Residential Area. Current Owner Does Not Work at the Restaurant which has a Full Time Manager--Great Upside Potential for Expansion with an Owner-Operator!

Prime Location in the Busy and Upscale Gateway Center in Petaluma. Current Rent per the Owner is $5069 Which Includes NNN Charges. The Lease Has About Three Years Remaining, and There is an Additional Five Year Option to Extend This Lease. This Restaurant is Set Up to Seat About 50 For Lunch and Dinner Inside, and There is Also a Comfortable Outside Patio Area Which Seats an Additional 16 Customers.

Very Nicely Equipped with Equipment Appearing to be in "Like New" Condition. Major Equipment Includes a Walk-In Refrigerator, 48" Grill, 6 Burner Stove, Deep Fryer, Montague Stock Pot Burner, Plenty of Refrigeration and Freezer Capacity, a POS System, etc etc. This Business Also Includes a Type 41 ABC Beer and Wine License.

This Seller is Motivated to Sell. For Additional Information Regarding This Restaurant Location, Please Call Bob Oshetsky (Broker) at 707-327-9400 Or Send a Return Email to This Ad.

The Info Here Is Compiled From Information Obtained By The Seller(S). The Broker Makes No Representation As To Its Accuracy Reliability. Buyer(S) Should Rely Upon There Own Verification And Of Their Financial &/Or Legal Advisors With Regard To This Info.

Property information

Real Estate:

Lease

Lease terms:

Lease has About Three Years Remaining, Plus a Five Year Option to Extend. Leased Space Includes an Outside Patio!

Leasehold rent:

$5,069 per sq ft per annum

Location:

Great Location in a Busy and Upscale Shopping Center in Desirable Petaluma. Great Mix of Residential and Business Customers in the Area. Shopping Center Offers Great Exposure.

Premises details:

Premise is Leased, with About Three Years Remaining on the Lease. Current Rent is $5069/month which Includes NNN Charges. There is a Five Year Option to Extend this Lease.

Business Operation

Expansion potential:

There are Many Way to Potentially Expand This Business. The Current Owner is Absentee, and the Business Will Benefit From Having a Hands On Owner Operator. This Restaurant Space Currently Operates as a Mexican Restaurant. A New Owner Could Easily Use This Equipment and Convert to A Different Food Type.

Competition / Market:

Shopping Center Draws a Nice Clientele.

Reasons for selling:

Owner's Health Forces Sale.

Trading hours:

10am - 9pm Daily.

Employees:

5

Years established:

2007

Other information

Support & training:

Seller Will Provide a Training Period for a New Owner.

Inventory / Stock value:

$3,500