Restaurant

Restaurant

Available

$150,000.00

Listing Number :

 3836

Status :

Available

Price :

$150000

Share

Added to Favorite

Favorite

Print

Area

1000

Description

In the heart of East Bay Area, surrounded by large office buildings and shopping areas, at an excellent intersection of traffic lays, quaint Bistro 1,000 sq ft at $3,200 Rent a month that includes the NNN. The NNN includes garbage, water and outside maintenance. 8 foot hood, six burner stove, 2 double fryers, one Deli line fridge and one warm line, 3 stainless steel sinks, a single door freezer.  .

The lease is a 1×5 year option with 5 more months on the present lease.
Before Covid-19 Seller claimed the annual Gross income was $490,000 and Net income of $60,000.00 with four employees.
During Covid-19 with contra costa changing the restaurant guideline the gross income has been $200,000. Payroll is right now $500.00 per week. with 3 employees.

This restaurant can continue the same American menu or change it to any other casual dining style.

There is a small bar setup with beer and wine license. #3836
Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 1995
Year Purchased:
Business Type: Restaurant / Bistro
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: 3836
Date Available: 2/4/2021
Reason For Sale:
Annual Total Revenue: 490000
Annual Net Income: 60000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 3200
Lease Expires: 2021
Lease Option: 1 x 5 years option
NNN: Included
 
Financing Information
Down Payment: 150000
Owner Will Carry:
Other Finance Terms:

Similar Properties

Leave a Reply

Your email address will not be published. Required fields are marked *