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Restaurant (Asian)

  • Status: Available
  • Price: $120,000

Susan Mehravar

License No:
BRE #01448422
Email:
susan@lbaweb.com
Office:
(925) 932-4395
Mobile:
(925) 330-8141
  • Listing No: 3848
  • Status: Available
  • Area: 4,550
  • Price: $120,000

Description

This is a 4,550 sq.ft. Asian Restaurant located in well populated City in Bay Area. Because of Corona Virous and the pandemic that all businesses are going through, the landlord modified the Rent as follow;

First 6 months: $4,500/m.

Next 6 months: $6,000 or 10% of Sales, verified.

Next 12 months & (2nd year): $9,000 or 10% of Sales.

3rd Year: Market rate, $9,200 or 10% of Sales.

Lease expires 2024 with 2 x 5 years option. There are 128 seats in the dinning room, and place has ABC Type 47 License. Hours of operations; (11 am-8 Pm/ 7 x days a week). Seller claims his Gross Annual Revenue for 2019 was $840,000.

#3848

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Restaurant (Asian)
License(s) Required: Business, Heath, ABC
Hours of Operation: 11am-8pm /7xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 3848
Date Available: 03/29/2021
Reason For Sale:

Financial Information

Annual Total:
$840,000
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
4500/m- 1st 6x month
Lease Expires:
2024
Lease Option:
2 x 5 years option
NNN:
Included

Financing Information

Down Payment:
$120,000
Owner Will Carry:
Other Finance:
Terms:

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