Restaurant

Restaurant

Available

$155,000.00

Listing Number :

 3761

Status :

Expired

Price :

$155000

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Description

This is a very Popular Mediterranean Restaurant. The Restaurant is a family start up, and Grew extremely Fast and now has approached almost 5 Locations. The Owner is now ready to retire and hand off his legacy to a new operator who can continue to grow his concept. This is one of the 3 that they are selling. The Restaurant located on a 1,300 sq.ft. with high traffic in a busy Town. Current Rent is $4,500/m, Lease Expires 2024 with 1 x 5 years option. Hours of Operation: 7 x days a week from (11.30 am to 7.30 pm). Seller Claims Gross yearly Revenue is $550,000 and Yearly Net is $84,000. The Restaurant is equipped with a full Kitchen and Type 4 Hood. This is a Great opportunity for someone looking for a turn-key business that makes immediate Cash Flow. Owner is Semi-Absentee with full staff wanting to stay on board to continue to grow the concept. New owner does not need to change anything, but to continue to grow the business as it has been extremely successful. Please Contact the agent (Hamed Omari) @ 925-695-4001 for more information. 

3761

 

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Restaurant ( Mediterranean)
License(s) Required: Business, Heath
Hours of Operation: 11.30 am-7.30 pm /7 x days week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3761
Date Available: 8/12/2019
Reason For Sale: Retiring
Annual Total Revenue: 550,000
Annual Net Income: 84,000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 4,500/m
Lease Expires: 2024
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 155,000
Owner Will Carry:
Other Finance Terms:

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