Restaurant

Restaurant

Available

$549,999.00

Listing Number :

 6293

Status :

Available

Price :

$549999

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Area

1500

Description

Popular Mediterranean restaurant in a prime location. Has been in business for 13 years. Fully equipped restaurant and has combined next door location for more room. One of the only Mediterranean restaurants in town. Located right on the city’s main street where farmers market, yearly hot rod show and Christmas parade are put right in front of. Rent is $1,900 for 1,500 sq.ft. New lease available upon landlord approval. Location offers an Amazing atmosphere to their clients. Gross Sales are about $25,K/ month (Sellers expect sales increase due to he does not open on Sundays and Mondays and is only open for 7 hours a day due to seller is getting ready to retire).#6293

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 2008
Year Purchased: 2008
Business Type: Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation: 6 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6293
Date Available: 5/22/2020
Reason For Sale: Retiring
Annual Total Revenue: 300000
Annual Net Income:
Inventory: 7000
Monthly Payroll: 4000
Lease Information
Base Rent: 1900/m
Lease Expires: 2033
Lease Option:
NNN:
 
Financing Information
Down Payment: 549999
Owner Will Carry:
Other Finance Terms:

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