Profitable Remodeled Restaurant In Marin County Price Reduced For Sale

Business description

Remodeled Restaurant With $880,000+ Sales- $110,000 Profit And Large Outdoor Patio Price Reduced

RRC#: 1691
Asking Price: $220,000
Location: Popular Town, Marin County, California
Yearly Revenue: $883,680
Yearly Cash Flow: $109,992
Monthly Rent: $4,659

LISTING DESCRIPTION:
This remodeled restaurant is in a very popular town on a major street. There is a large outdoor seating area which is fully enclosed and has heaters and is used every day irrespective of weather conditions. There is also an outdoor seating area that is not enclosed. There is an intimate dining room with a combination of banquette seating and tables and chairs, a separate bar area with 7 bar stools, full kitchen, dishwashing area and prep kitchen.' There is also a storage area and two restrooms. Some of the equipment includes as follows: 13' type 1 hood with fire suppression system, 2 - 1 door undercounter refrigerators, door underounter, 2 - 2 door undercounter refrigerators (1 with sandwich station), double basket fryer, hand sink, 2 utility sinks, walkin refrigerator, 12 employee lockers, slicer, counter mixer, 3' ice cream freezer, 2 compartment sink + rinse hose, dishwasher, full door glass refrigerator, Micros POS system with 3 monitors and 5 printers, etc. There is some additional equipment that is rented. There is upside for an addtional day of business and lunch/brunch four days a week.

GENERAL INFORMATION:
Organization: Corporation | Seating: 40+ 40 outside | Square Footage: 2,000 + Large Outdoor Seating Area | Parking: Street and parking lot nearby | Licenses Required: Business, ABC Type 41 (beer & wine) | Days Open/Hours: Dinner 6 nights, lunch 3 days | Reason For Sale: Other interests |

FINANCIAL INFORMATION:
Yearly Revenues: $883,680 | Yearly Cash Flow: $109,992 |

LEASE INFORMATION:
Monthly Rent: $4,659 | Lease Expiration: 1/1/2020 | Yearly Adjustment: 3% | Lease Option: 2 Five Year Options |

FINANCING INFORMATION: