$136,000 down as the SBA funding (75%) has been pre-approved for well qualified buyers with restaurant experience and excellent financials. Annual profits exceed $251,000 with all the staff in place with good revenues and provable cash-flow, good books and records with verifiable financials located in a great corner location in the city of Oakland. This Highly successful 2,600 sq ft restaurant concept has grown from $1 million in sales revenue in 2015 to annualized sales of $1.8 million in 2018 and still growing. Monthly Rent is extremely low for the area at $6,218, only 3.5% of current revenue. Great location with huge curb appeal, this business has nothing but upside. Annual profits in 2017 were $251,244 and expected to be even 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 city in this fast growing culinary city "by the Bay." The list of equipment included with the sale is extremely large, state of the art and only 3 years old. 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.
- OrganizationContact For Info
- Current Owner2014
- Reason For SaleOther Interests
- Square Feet2600
- LicensesHealth, Business & ABC Type 41 License.
- Open HoursDaily 11am - 9pm
- Rent$6,218 Inclusive NNN
- Yearly IncreaseContact For Info
- OptionTwo 5 Year Options
- Monthly Revenue$150,000
- Monthly Cash Flow$20,937
- Annual Revenue$1,800,000
- Annual Cash Flow$251,244
- Down Payment$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.