Review

Restaurant ( Mediterranean)
Restaurant, Food Related
In or near Solano

Status: Available
Price: $160000
Sq Ft: 1200 Sq Ft.

LBA Listing # 3760
 

  




  




  




 
Restaurant ( Mediterranean)
Restaurant, Food Related


Solano LBA Listing # 3760
This is a very popular Mediterranean restaurant. It is a family start-up, grew extremely fast and now has approached almost 5 locations. The owner is now ready to retire and hand off his legacy to a new operator who can continue to grow his concept. This is one of the three that they are selling. The restaurant is located is 1,200 sq. ft. in an excellent location with Major anchors Businesses and other Restaurants and Cafe such as El pollo Loco, Lowe and CVS. Current rent is $5,700/month, lease expires in 2021 with 1 x 5 years option. Hours of operation are: 7 days a week (11:30 am to 8:30 pm). Seller claims gross yearly revenue is $550,000 and yearly net is $96,000. The restaurant is equipped with a full kitchen and recently remodeled with a type 4 hood. This a great opportunity for someone looking for a turn-key business that makes immediate cash flow. Owner is semi-absentee with a full staff wanting to stay on board. New owner does not need to change anything, but to continue to grow the business as it has been extremely successful. Call our office.
Status: Available
Price: $160000
Sq Ft: 1200 Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Restaurant ( Mediterranean)
License(s) Required: Business, Heath,
Hours of Operation: 11.00am-8.30pm/7xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3760
Date Available: 8/12/2019
Reason For Sale: Retiring.
Annual Total Revenue: 550,000
Annual Net Income: 96,000
Inventory: 200,000
Monthly Payroll:
Lease Information
Base Rent: 5,700/m
Lease Expires: 2021
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 160,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.