Located on Shattuck Ave on one of the busiest thoroughfares in and out of Berkeley and Oakland. The drive by and foot traffic equals high visibility for this business. Once a convenience store, now a cute themed cafe. This space could house a variety of businesses including convenience store, market, coffee or tea house, small cafe and more. A rent of only $3240 per month and 3% annual increase for the remaining 3.5 years on the term, with another 5 year option to extend will set the new tenant up for success. The low overhead to run this space is a key to any newcomer's success. Depending on the concept this space can be run by 1-2 employees. Come and see what a great corner location really looks like and how it would suit your concept best. Equipment list upon request.

General Info

  • OrganizationContact For Info
  • Established2018
  • Current Owner2017
  • Employees1
  • Reason For SaleOther Interests

Facilities

  • Seating50
  • Square Feet1019
  • ParkingStreet
  • LicensesContact For Info
  • Open Hours630am-430pm 7 days

Lease

  • Rent$3,240
  • Expiration2028
  • Yearly Increase3%
  • Option(1) 5 year
  • Deposit$3,200

Financials

  • Monthly Revenue$16,500
  • Monthly Cash Flow$2,500
  • Annual Revenue$198,000
  • Annual Cash Flow$30,000
  • Payroll$$4,500

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.

Location