This Italian restaurant is located in a busy strip center in an East Bay suburb. The strip center is on a major thoroughfare, and the surrounding area is residential. The restaurant currently serves American Italian food, including New York-style pizza. The space has an old school look and feel. There is a significant opportunity to increase sales through food delivery. The current lease runs through 2024, and has a five year option. The yearly rent increases are fixed. The restaurant is is equipped with a walk in refrigerator, 3 door reach-in freezer, 2 door under-counter prep refrigerator, steam table, 12 burner stove with two ovens, fryer which is all under a 18' type 1 hood. There is also a pizza oven, large mixer, meat grinder. The dish area has a dishwasher and a 3 compartment sink. There are two restrooms.

General Info

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

Facilities

  • Seating90
  • Square Feet2304
  • ParkingParking Lot
  • LicensesBeer and Wine, Health and Business
  • Open Hours11:30am - 3pm and 4:30pm - 9pm Daily

Lease

  • Rent$8,119 All Inclusive
  • Expiration2024
  • Yearly IncreaseFixed
  • Option5 Year Option
  • Deposit$5,500

Financials

  • Monthly Revenue$70,395
  • Monthly Cash Flow$7,806
  • Annual Revenue$844,741
  • Annual Cash Flow$93,682
  • 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