Price Reduced to $495,000. Located on a excellent corner location in the city of Oakland with only $125,000 down as SBA funding has been pre-approved for well qualified buyers with restaurant experience and good credit. This 2,600 sq ft restaurant has annual profits of $263,000 from $1.8 million in annual revenues. All the staff in place and the financial books and records are all verifiable. This Highly successful concept has grown from $1 million in sales revenue in 2016 to 2018 sales of $1.8 million and is still growing. Monthly Rent is extremely low for the area at $6,100, only 4% of current revenue. Great location with huge curb appeal, this business has nothing but upside. Boasting a show kitchen with a 20ft Type 1 Hood & fire suppression system with a fully loaded cooking line of kitchen equipment including 2 Bev air refrigeration, 2 Hussman meat cases, 6 burner stove with ovens, broiler, flattop, salamander, ample stainless steel refrigerated worktops plus much much more. All the equipment is only 3 years old so is extremely low maintenance. ABC Type 41 beer & wine license is included with the sale. The concept is counter style service with meats, salads, sandwiches plus an array of exciting modern flare cooking all on display. Behind the scenes is a walk-in cooler, ample basement storage with office. The list of equipment included with the sale is extensive and this restaurant has found it's niche being the 'Talk of the Town' in this fast growing culinary city "by the Bay." To find out more please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & extensive 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

  • Seating40 + To Go
  • Square Feet2600
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 41 License.
  • Open HoursDaily 11am - 9pm

Lease

  • Rent$6,100 Inclusive NNN
  • Expiration2019
  • Yearly IncreaseContact For Info
  • OptionTwo 5 Year Options
  • Deposit3250

Financials

  • Monthly Revenue$150,000
  • Monthly Cash Flow$22,000
  • Annual Revenue$1,800,000
  • Annual Cash Flow$263,802
  • Payroll$$44,500

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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