Contra Costa Freestanding Restaurant With Seller Financing Reduced For Sale

Business description

Freestanding Restaurant- Seller Financing- Type 47 License- Low Rent- Reduced To Sell!

RRC#: 1615
Asking Price: $99,000
Location: Constant Primary Route, Constant Primary Route, California
Yearly Revenue: $240,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $2,500 all inclusive see

LISTING DESCRIPTION:
A family style restaurant, serving breakfast, lunch and dinner, in a corner location on a major route with all day traffic. The freestanding building sits on a 15,000 sq. ft. lot, with an adjacent 9,400 sq. ft. lot, providing ample parking for customers. Over $250K in improvements have been made prior to re-opening in 2010, with many new pieces of equipment, as well as improvements to the premises. The interior has a corner bar area which seats 6, plus additional table and chair seating, with two 2-door bar fridges and two taps, a 3-door bar fridge, multi function beverage gun, a 3-compartment sink, ice well, hand sink and separate water heater. The main dining area has both table and booth seating, with a large glass frontage providing lots of natural light. The semi- display kitchen has a 16’ type 1 hood,6- burner range with oven, a char broiler, two 4’ griddles, two 4-door salad prep tables, a double fryer, slicer, waffle baker, two toasters, a microwave, meat tenderizer, several stainless work tables and a 3-pan steam table. One corner of the kitchen area features a 3-compartment sink, 1- compartments prep sink, built in dishwasher with rinse station and large stainless side tables, tankless water heater, hand sink, grease trap and mop sink. Off the kitchen there is a large walk-in cooler, an adjacent storage room area, with a chest freezer, ice machine, ice cream dipper and ample shelving. SELLER WILL OFFER SUBSTANTIAL CARRY BACK FINANCING for a qualified buyer. New 5 year lease $2,500/month all inclusive rent for first year, then $2,7500/month + $1,000 NNN fixed for the remaining four years. Price includes the type 47 liquor license, approximate current value of $25,000, which a Buyer may exclude form the purchase and negotiate the price accordingly. The business has been successful as an American style restaurant for many years, the location would work well for many other possible concepts, especially family run concepts Mexican restaurant with full bar, a roadhouse or sports bar and grill, a Hofbrau style diner, or a family style pizza and pasta house.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1987 | Current Owner: 2009 | Seating: 110 | Square Footage: 2,500 bldg/ 25,000 lot size | Parking: Private parking lot | Licenses Required: Business, ABC Tpe 47 (Hard Liquor) | Days Open/Hours: S,M 6:30a-3p Tue-Sat 6:30a-9p | Reason For Sale: Other interests |

FINANCIAL INFORMATION:
Yearly Revenues: $240,000 |

LEASE INFORMATION:
Monthly Rent: $2,500 all inclusive see | Lease Expiration: New 5 year Lease | Yearly Adjustment: $2,500 year 1, $3,750 yea | Lease Option: 5 year + Negotiable |

FINANCING INFORMATION:
Down Payment Required: SELLER OFFERS FINANCING | All Cash: SELLER OFFERS FINANCING |