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Restaurant

  • Status: Available
  • Price: $240,000

Sodaba Anwari

License No:
DRE #02093280
Email:
Sodaba@lbaweb.com
Office:
510-564-4433
Mobile:
510-375-9757
  • Listing No: 4079
  • Status: Available
  • Area: Contra Costa
  • Price: $240,000

Description

This is a 1,200sqft. Restaurant located in a strip Mall with lots of foot traffic and plenty of parking spaces around it. The Restaurant is casual and family type place with very reasonable prices. most of the dishes are prepared with fresh ingredient. Rent is $3,600 a month with $2,500 security deposit for the new owner. Lease expires  2026 with 1 x 5 years option. Hours of operation; (11.00am-9.00pm / 6 x days a week). There are 4 x Full Time and 2 x Part Time employees with $12,000 a month payroll. Seller claims his Gross Annual Sale is about $480,000. Very motivated Seller.

Business Information

Ownership Type: Sole Proprietorship
Year Established: 2016
Year Purchased: 2016
Business Type: Restaurant (Vietnamese)
License(s) Required: Business, Health, ABC
Hours of Operation: 11.00am-9.00pm /6 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4079
Date Available: 01/19/2022
Reason For Sale: Retiring

Financial Information

Annual Total:
480,000
Revenue:
480,000
Annual Net Income:
Inventory:
Monthly Payroll:
12,000/m

Lease Information

Base Rent:
3,600/m
Lease Expires:
2026
Lease Option:
1 x 5 years option
NNN:

Financing Information

Down Payment:
240,000
Owner Will Carry:
Other Finance:
Terms:

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