Recently opened and $350,000 spent on this remodeled restaurant in one of the more desirable neighborhoods in the Oakland Hills. There is a glass frontage, open airy dining area with combination of tables and chairs and counter seats, display kitchen and patio seating. There is a very desirable low rent. Some of the equipment includes as follows: type 1 hood with fire suppression system, POS system, ice cream machine, 2 door under counter freezer, 3 spindle mixer, 2 double basket fryers, bun toaster, 2 - 2 door under counter refrigerators, 2 under counter refrigerator drawers, hand sink, 4' flat grill, ice machine, 3 compartment sink + rinse hose, walk-in refrigerator and 6 lockers, etc. There is also an ADA restroom. This is an excellent opportunity for a hands on owner operator. There is a long term below market rent and the monthly base rent is as follows: 3/1/6-2/28/18 - $1500; 3/1/18-2/28/20 -$1600; 3/1/20-2/28/22 - $1680; 3/1/22-2/28/23 - $1730; 3/1/23-2/28/24 - $1782; 3/1/24-2/28/25 - $1836; 3/1.25-2/28/16 - $1891,

General Info

  • OrganizationContact For Info
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating25 + Patio seating
  • Square Feet700 approx
  • ParkingStreet
  • LicensesBusiness
  • Open HoursSun-Thurs 11:am-8:30pm ; Fri & Sat 11am-9:30pm

Lease

  • Rent$1650 all inclusive
  • Expiration2/28/2026
  • Yearly IncreaseSee narrative above
  • Option5 years
  • DepositContact For Info

Financials

  • Monthly Revenue$37,000
  • Monthly Cash Flow$5,415
  • Annual Revenue$456,000
  • Annual Cash Flow$65,000
  • PayrollContact For Info

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.

Location