Specialty Restaurant In East Bay For Sale

Business description

Specialty Restaurant With $3.3 Million Sales & $300k+ Profit And Pre-approved For $560k Sba Loan

RRC#: 1653
Asking Price: $725,000
Location: Popular East Bay City, East Bay, California
Yearly Revenue: $3,300,000
Yearly Cash Flow: $300,000
Monthly Rent: $13,000 all inclusive

LISTING DESCRIPTION:
This restaurant is an East Bay institution and has an excellent reputation throughout the bay area. The restaurant is located in a very desirable location in a strong retail and residential area. A big percentage of its customers are regular customers and approximately 22% of its sales are take out sales. The restaurant has a full kitchen, prep kitchen, dish washing area, efficient dining room, office area, and storage areas. There is a large glass frontage, hanging light fixtures and a combination of booth and table and chair seating. Some of the equipment includes as follows:12' and 17' type 1 hoods with fire suppression systems, 2 convection ovens, 1' x 3' grill, 6 burners over oven, stockpot burner, walk in refrigerator, hand sink. smoker, full door glass refrigerator, 14' display refrigerator, rotary toaster, hot water machine, small oven, 2 door under counter refrigerator, coffee grinder, 1 group espresso machine, syrup warmer, 6 beer taps over 3 door under counter refrigerator, 2 soda taps, 3 ice bins, 3 soup warmers, juicer, 2 counter mixers, 3 compartment sink, 2 dishwasher sinks and 1 has a rinse hose, utility sink, waffle maker, electric burner, 3' mesquite grill, 4 refrigerator drawers + sandwich station on top, 6 refrigerator drawers under 6 burners + 5' flat grill, 2 refrigerator drawers with sandwich station on top, double basket fryer, 2 steamers, 6 refrigerator drawers with sandwich station on top, bread drawer warmer, slicer, 2 compartment steam table, POS system, full door freezer, bread slicer, ice machine, 2 compartment sink, 2 full door freezer and walk in freezer. THE BUSINESS HAS BEEN PRE-APPROVED FOR AN SBA LOAN FOR $560,000 SO THE BUSINESS CAN BE PURCHASED WITH $165,000 CASH DOWN. NO BROKER COOP.

GENERAL INFORMATION:
Organization: Corporation | Seating: 100 | Square Footage: 3,500 | Parking: Street | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: 7 / 8a-10p | Reason For Sale: Other interests |

FINANCIAL INFORMATION:
Yearly Revenues: $3,300,000 | Yearly Cash Flow: $300,000 |

LEASE INFORMATION:
Monthly Rent: $13,000 all inclusive | Lease Expiration: Negotiable | Yearly Adjustment: Negotiable | Lease Option: Negotiable |

FINANCING INFORMATION: