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Restaurant

  • Status: Available
  • Price: $65,000

Matt Sadati

License No:
BRE #00704888
Email:
matt@lbaweb.com
Office:
925-932-2450 x101
Mobile:
925-699-7224
  • Listing No: 3819
  • Status: Available
  • Area:
  • Price: $65,000

Description

This is a 1100 sq.ft. Restaurant located in a busy Plaza with several anchor stores and eateries around it. The Restaurant has been under the same management for the past 12 years. They serve Mediterranean food and different kinds of Kebabs  with fresh ingredients and local herbs and spices. It is a casual family type of Restaurant. The seller is claiming his gross annual sale is about 264,000. This is a absentee run business with $4,000/m payroll and $3,767/m Rent for 1100 sq.ft. space. A new owner can increase the revenue with some small changes and reduce his expenses if he is more active in running this restaurant. Motivated seller and will carry $20,K with good credit. #3819

Business Information

Ownership Type: Sole Proprietorship
Year Established:
Year Purchased: 2006
Business Type: Pizza, Kebab Place
License(s) Required: Business, Health
Hours of Operation: 11 am-9 Pm/7 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 3819
Date Available: 11/26/2019
Reason For Sale: Owner is busy running a larger restaurant not enough time.

Financial Information

Annual Total:
$264,000
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:
$4,000

Lease Information

Base Rent:
3767/m
Lease Expires:
2021
Lease Option:
NNN:

Financing Information

Down Payment:
$45,000
Owner Will Carry:
Seller carries $20000
Other Finance:
Terms:

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