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Mediterranean Restaurant

  • Status: Sold
  • Price: $110,000

Susan Mehravar

License No:
DRE #01448422
Email:
susan@lbaweb.com
Office:
(925) 932-4395
Mobile:
(925)932-2450
  • Listing No: 4426
  • Status: Sold
  • Area: Alameda County
  • Price: $110,000

Description

Very well established popular Mediterranean restaurant in the BEST part of downtown. Very simple, beautiful dining room where you can eat in peace. Or you can choose to enjoy your meal outside in a very gorgeous space that has 24 chairs with flowers lights and umbrellas. Lots of parking. Good cash flow with long lease and good rent. It can be converted to another concept. Rent is $4,240/m including NNN. 800 sq ft. 2+5 years lease option. 18 seating inside + 24 seating outside. Open 7 days a week (11am-9pm) 2 employees full time. Labor $6000/month. Gross sales $300,000 yearly. Net $50,000 yearly.

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Restaurant
License(s) Required: Business, Health, ABC
Hours of Operation: 11 AM-9 PM
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4426
Date Available: 07/02/2024
Reason For Sale:

Financial Information

Annual Total:
300,000
Revenue:
Annual Net Income:
50,000
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
4,240
Lease Expires:
Lease Option:
NNN:
included

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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