Search

Restaurant

  • Status: Sold
  • Price: $275,000

Matt Sadati

License No:
DRE #00704888
Email:
matt@lbaweb.com
Office:
925-932-2450 x101
Mobile:
925-932-2450
  • Listing No: 3856
  • Status: Sold
  • Area:
  • Price: $275,000

Description

This is a well established Restaurant doing business under the same management since 1997. The location is in an strip Mall with lots of anchor stores and chain restaurants and coffee shops around it. Plenty of free parking. Hours of operation; 6 x days a week (11 am-7 pm M- F / Sat.11 am- 3 pm). There are 3 to 4 employees with over $6,000 a month payroll. Seller claims his gross Annual Revenue is about $271.970.00 for 2020- In 2019 it was $523,336.00 and in 2018 seller shows Gross Revenue of 510,388.00. Rent is very low it is only $1,575.00 a month. Seller also claims his Net income for 2020 was $138,276.00.

#3856

Business Information

Ownership Type: Sole Proprietorship
Year Established: 1997
Year Purchased:
Business Type: Fast Food Restaurant
License(s) Required: Business, Health
Hours of Operation: 6 x days a week / 11 am-7 pm
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 3856
Date Available: 04/12/2021
Reason For Sale:

Financial Information

Annual Total:
271,970
Revenue:
Annual Net Income:
$138,000
Inventory:
Monthly Payroll:
6000/m

Lease Information

Base Rent:
1575/m
Lease Expires:
Lease Option:
NNN:
Included

Financing Information

Down Payment:
$275,000
Owner Will Carry:
Other Finance:
Terms:

Contact Us

    RELATED PROPERTIES

    $2,500,000

    Gas Station and Mart

    Alameda County
    $150,000

    Franchise Pizza Restaurant

    Contra Costa County
    $900,000

    Liquor Store

    Alameda County