Established Oakland Italian Restaurant With Outdoor Seating Reduced For Sale

Business description

Established Italian Restaurant- Outdoor Seating- $30k Monthly Sales- Reduced!

RRC#: 1678
Asking Price: $69,000
Location: Desirable neighborhood, Oakland, California
Yearly Revenue: $360,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $3,100

LISTING DESCRIPTION:
Located on a high traffic street in a desirable neighborhood, this business draws its loyal clientele for the large residential community. There is an outdoor patio area, great for lunch and dinner service, and the interior dining area, with tiled floors and wooden wine racks, offers natural light and outdoor views. The full kitchen has a 12’ type 1 hood, 2’ char grill, 6-burner range with griddle and two ovens, gas salamander, double deep fryer and a 2-burner saute station. Refrigeration includes a walk-in cooler, 2-door reach in freezer, 2-glass door beverage merchandiser, 3-door sandwich prep fridge and ice machine. There is also a 3- compartment sink, 2-compartment prep. sink, 2-hand sinks, slicer, mixer, prep tables and additional food prep. equipment, and a separate storeroom with wire rack shelves, and a private office with computer tables, safe and filing cabinets. The business is being offered includes the substantial established clientele and goodwill, the name, recipes and menu. This would be an ideal location for a buyer wanting to step into the existing business, or expand in directions that could include the addition of pizza, espresso or wine bar concept. There is large residential community to draw from, little nearby competition, and in the freestanding building there is no restriction on changing or altering the concept.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 2009 | Current Owner: 2009 | Seating: 40 inside, 15 outside | Square Footage: 1689 | Parking: Street, Parking Lot | Licenses Required: Business, ABC Type 41 (Beer & Wine) | Days Open/Hours: Tues-Sun 11:30p-9p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $360,000 |

LEASE INFORMATION:
Monthly Rent: $3,100 | Lease Expiration: 2014 | Yearly Adjustment: Negotiable | Lease Option: 5 years | Security Deposit: Negotiable |

FINANCING INFORMATION: