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Restaurant

  • Status: Available
  • Price: $129,999

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
925-361-5429
Mobile:
925-361-5429
  • Listing No: 6327
  • Status: Available
  • Area: 3000
  • Price: $129,999

Description

Popular Salvadorian Restaurant in a great location. Well established since 2015. Recently relocated business to a bigger location down the street from original place. Went from 1,600 sqft. to 3,000 sqft. Rent on the new location is lower, it is $3,000 including NNN for 3,000sq.ft. space. Lease expires 2026 with option to renew 1 x 5 years option. Location offers an Amazing atmosphere to their clients. Parking lost is at the back of the Restaurant. There are 65 seats indoor and 30 seats outdoor. Seller claims his Gross Sales are about $15,000 a month (Seller expect sales to increase due to indoor dining opening and he is getting Karaoke Permit from the city which would increase his Revenue. He claims Sales before Covid was about $40,000 to $45,000 a month. #6327

Business Information

Ownership Type: Corporation
Year Established: 2015
Year Purchased: 2015
Business Type: Restaurant (Salvadorian)
License(s) Required: Business, Heath, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: N/A
Broker To Broker CoOp: No
Office Listing Number: No
Date Available: 04/07/2021
Reason For Sale: Moving out of State

Financial Information

Annual Total:
$480,000
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
3,000/m
Lease Expires:
2026
Lease Option:
1 x 5 years option
NNN:
Included

Financing Information

Down Payment:
$129,000
Owner Will Carry:
Other Finance:
Terms:

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