This Highly successful restaurant concept has been in business for only 3 & 1/2 years but has grown from $1 million in sales revenue year 1, 2015 to $1.7 million in year 3, 2017 and is still growing. SBA funding has been pre-approved for well qualified buyers with restaurant experience and excellent financials. Therefore Buyer's only need $160,000 cash down to enjoy the current return in annual profits exceeding $230,000. Monthly Rent is extremely low for the area at $6,218 and a mere 4% of current sales. The owners want to move to another state due to personal family issues and need to sell their successful, growing business. Nestled in a great corner location with huge curb appeal, this business has nothing but upside. Annual profits in 2017 are $230,00 and expected to be greater in 2018. A show kitchen with 20ft Type 1 Hood with fire suppression system & a full line of flame cooking equipment is displayed & on-view to customers. Simple counter style service with meats and salads on display and a beer & wine bar counter. This unique restaurant has found it's Niche and is the talk of the town in this fast growing culinary city "by the Bay." The list of equipment included with the sale is extremely large and state of the art. Please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationContact For Info
  • Established2014
  • Current Owner2014
  • Employees23
  • Reason For SaleOther Interests

Facilities

  • Seating100
  • Square Feet2600
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 41 License.
  • Open HoursDaily 11am - 9pm

Lease

  • Rent$6,218 Inclusive NNN
  • Expiration2019
  • Yearly IncreaseContact For Info
  • OptionTwo 5 Year Options
  • Deposit3250

Financials

  • Monthly Revenue$142,198
  • Monthly Cash Flow$19,237
  • Annual Revenue$1,706,376
  • Annual Cash Flow$230,844
  • Payroll$$43,886

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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