Location is key to success. There is no better location in Downtown Castro Valley than this centrally located, popular restaurant that is now for sale. Castro Valley is a hidden gem with a small-town feel, located within the greater Bay Area. It is a safe, clean, and desirable community that has a diverse population. This restaurant's location reaps the benefits of community events that happen seasonally right outside their front draw, and brings much added exposure and sales. The community embraces this authentic restaurant that has been serving up fresh and popular dishes since 2016. A buyer could carry on this great business or bring their own concept to the space.
The space itself is turnkey and the kitchen is immaculate! The kitchen is very spacious with plenty of workspace and storage and includes a shining 10' Type 1 hood. The dining area is open and well lit, and has space for over 70 seats, with roughly another 20 seats outside too.
Sales and profits have grown steadily since 2016, and will likely reach roughly $600,000 in 2022. There is also a strong take-out aspect to this business. The owner pays himself $4200./month. A full equipment list can be provided upon request. This prime location will not last so please reach out now to learn more about the business and location!
- Current Owner2016
- Reason For SaleOther Interests
- Seating70+ inside and 20+ outside
- Square Feet2,055
- ParkingEasy Street Parking
- LicensesHealth & business
- Open HoursTuesday-Sunday 11am-9pm
- Rent$4,908 (plus NNNs, roughly $3368)
- ExpirationMay 1 2026, plus one more 5year option
- Yearly Increase3%
- Option1 -5yr Option
- Monthly Revenue$48,000
- Monthly Cash FlowContact for Info
- Annual Revenue$576,000
- Annual Cash FlowContact for Info
- PayrollContact for Info
- Down PaymentContact For Info
- Note BalanceContact 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.