Restaurant

Restaurant

Available

$185,000.00

Listing Number :

 3914

Status :

Available

Price :

$185000

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Description

Successful, Michelin-recommended restaurant in busy downtown area of very affluent East Bay city. This is a very rare, one-of a kind opportunity because this restaurant used to be a home. It has such a unique and inviting feel when you walk in; there is so much potential to customize the interior and the concept to your own taste and menu. The tenant-friendly landlords are open to possible renovation as well.  This restaurant has been in business over 18 years and is still improving year over year. The financials are strong with seller claiming gross revenue of $570k in 2018 and a net adjusted income for the owners of over $130K. The rent is currently $3968 per month, however landlord will adjust to $4200-4500(there is no NNN) per month for this approx. 1300 sq. ft. space for new owner – which is still excellent for the area. Current lease expires in 2.5 years with a 10 year option remaining. All inventory, equipment, fixtures and recipes are included in the sale price. Current Chef will stay on after the sale if new owner desires. # 3914

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Restaurant Thai Cuisine
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: 3914
Date Available: 1/24/2020
Reason For Sale:
Annual Total Revenue: 570000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 3968/m
Lease Expires: 2022
Lease Option: 1 X 10 years option
NNN:
 
Financing Information
Down Payment: 185000
Owner Will Carry:
Other Finance Terms:

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