The asking price has been reduced to sell at $195,000 for this busy Livermore restaurant. Livermore is located on the eastern edge of the San Francisco Bay area with a population of around 90,000. The business has recently expanded by doubling it's size from 1400 sq ft to 2800. This highly visible corner restaurant has an extremely low rent, 95 seats indoors plus a wrap around outdoor patio seating a further 40. Completely 'Turn Key' with an ABC type 41 beer and wine license, tiled floor, a fully loaded open kitchen with a 12 ft hood, broiler, deep fryer, 6 burner stove and oven and ample s/s work tops & large walk-in with a parking lot located on 1st street in downtown Livermore. The location is on Livermore's "Restaurant Row," with a neighboring movie theater, many other restaurants all in the same local area. This restaurant was established in 2011 and has built up an excellent reputation and following. This Livermore business is on target to achieve gross sales of around $1 million this year and 13 years still remaining on the lease it is price to sell at $195,000. The future potential of this business is secure. See the photo's below to review the restaurant and you'll see the great opportunity. To receive full details of this opportunity please complete the 'Confidential Information' request at the top of this page and we'll send you the name, address, financials & lease information. We will also send you the broker's agent contact information so you can discuss in more detail.

General Info

  • OrganizationInc
  • Established1995
  • Current Owner2011
  • Employees15
  • Reason For SaleOther Interests

Facilities

  • Seating95 + 40 Patio
  • Square Feet2800
  • ParkingStreet + Parking lot
  • LicensesHealth, Business and ABC Type 41 beer and wine Current Equipment Value
  • Open HoursSun-Thurs 11.00am-9pm Fri & Sat to 10.00pm

Lease

  • Rent$7,784 inclusive NNN
  • Expiration2022
  • Yearly Increase3%
  • Option7 yr option
  • Deposit$5,725

Financials

  • Monthly Revenue$80,000
  • Monthly Cash FlowContact for Details
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$$16,200

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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