This cafe/restaurant is located in the up-and-coming Civic Center area, near Market Street and numerous offices - including local government, tech companies, and UC Hastings. Currently, the restaurant is open for breakfast and lunch Monday - Friday. It is a go-to spot for lunch in the area. The current lease has 8 years plus two 5-year options. The rent under the terms of this lease is very favorable compared to current market rates. There are many opportunities to grow this business through increasing breakfast and catering business, and opening in the evenings for dinner and for brunch on the weekends. The inside of the space seats 48, the small outdoor seating area accommodates 8. The kitchen is small but efficient, and there is a large storage area downstairs along with an office. The restaurant is currently absentee run with 3 full time (one of which is the manger) and 2 part time employees. The owner would consider financing some portion of the purchase price for the right buyer and/or also would consider partner arrangement with a chef operator. The kitchen is equipped with a rotisserie, 6 burner stove with 2 ovens and flat top grill, 2 salad prep stations with under counter refrigerators, 10' type 1 hood, 3 door reach in refrigerator, dishwasher, ice machine, espresso machine, coffee brewer and grinder, two door under counter refrigerator, sliding glass door beverage cooler, , small freezer, Hobart mixer, restroom, storage and office area.
- OrganizationContact For Info
- EstablishedContact For Info
- Current OwnerContact For Info
- Reason For SaleOther Interests
- Square Feet1680 sqft.
- LicensesBeer and Wine
- Open HoursMonday - Friday 7:30am-2:30pm
- Yearly IncreaseFixed
- Option2 Five Year Options
- DepositContact For Info
- Monthly Revenue$40,000
- Monthly Cash FlowContact For Info
- Annual Revenue$450,000
- Annual Cash FlowContact For Info
- PayrollContact For Info
- Down Payment$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.