Restaurant

Restaurant

Sold

$219,000.00

Listing Number :

 3582

Status :

Sold

Price :

$219000

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Description

This is a fast/casual 800 sq ft Italian restaurant that was established 27 years ago in a big strip mall in a very affluent part of East bay along route 680. The present owner and his partner owned it for the past 19 years. Each partner works 25 hours/wk. It sells cooked and uncooked food. There are 4 FT kitchen guys who have been working at the business for 20 years and who make about $18/hr, and 6 PT high schools kids who tend the front and make 10.50 to 14/hr. It has 28 seats inside and 26 outside. The place needs 4 people at a time to run it. The seller started to use door dash about 7 months ago and is doing very well. Gross sales in 2018 will surpass $800K. In 2017 he grossed $795K. In 2016 he grossed $791K. In 2015 he grossed 827K. The seller claims a total net profit of about $180K. Open 7 days/wk 11:00 am to 9:00 pm. If you have the funds please call me for an appointment and I will show you 3 years of P&L.

3582

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 1999
Year Purchased: 2000
Business Type: Restaurant
License(s) Required: Business, Health
Hours of Operation: 11am-9pm /7xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3582
Date Available: 11/17/2018
Reason For Sale: Moving to Florida
Annual Total Revenue: 795000
Annual Net Income: 180000
Inventory:
Monthly Payroll:
Lease Information
Base Rent:
Lease Expires:
Lease Option:
NNN:
 
Financing Information
Down Payment: 219000
Owner Will Carry:
Other Finance Terms:

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