Restaurant

Restaurant

Available

$348,000.00

Listing Number :

 3906

Status :

Available

Price :

$348000

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Area

2500

Description

This is a magnificent fine dining Restaurant on a 2,500 sq.ft. space located in heart of this well populated upscale City close to playground of big boys of Sicilian Valley. Current owner spend $600,000 to spend to built this Gorgeous place in 7 months. The decor of this amazing fine dining place is French Contemporary and they serve 10 course meal only for privet events! They are not open to public. Seller claims his Gross Annual Sale is about $550,000 and his Net is about $60,000 to $70,000 a year just by few Banquets that he held in his restaurant. Rent is $10,000 a month for 2,500 sq.ft.. He has his tax returns till 2018. Because of seller health issue ( who is the head chief), he can not be open to public and do what he does in everyday’s bases. #3906

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased: 2013
Business Type: Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3906
Date Available: 1/9/2020
Reason For Sale: Health Issues.
Annual Total Revenue: 550000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 10000
Lease Expires: 2023
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 348000
Owner Will Carry:
Other Finance Terms:

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