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Listing View: Freestanding Restaurant- SELLER FINANCING- Type 47 License- LOW RENT- Reduced To Sell! - Constant Primary Route, California


Freestanding Restaurant- Seller Financing- Type 47 License- Low Rent- Reduced To Sell!
Constant Primary Route, California

Offered at:
$99,000

Office Listing #   1615
Revenue: $20,000 / month
Cash Flow: Contact For Info
Lease Rent: $2,500 all inclusive see
Square Feet: 2,500 bldg/ 25,000 lot size

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 Listing Description

A family style restaurant, serving breakfast, lunch and dinner, in a corner location on a major route with all day traffic. The freestanding building sits on a 15,000 sq. ft. lot, with an adjacent 9,400 sq. ft. lot, providing ample parking for customers. Over $250K in improvements have been made prior to re-opening in 2010, with many new pieces of equipment, as well as improvements to the premises. The interior has a corner bar area which seats 6, plus additional table and chair seating, with two 2-door bar fridges and two taps, a 3-door bar fridge, multi function beverage gun, a 3-compartment sink, ice well, hand sink and separate water heater. The main dining area has both table and booth seating, with a large glass frontage providing lots of natural light. The semi- display kitchen has a 16’ type 1 hood,6- burner range with oven, a char broiler, two 4’ griddles, two 4-door salad prep tables, a double fryer, slicer, waffle baker, two toasters, a microwave, meat tenderizer, several stainless work tables and a 3-pan steam table. One corner of the kitchen area features a 3-compartment sink, 1- compartments prep sink, built in dishwasher with rinse station and large stainless side tables, tankless water heater, hand sink, grease trap and mop sink. Off the kitchen there is a large walk-in cooler, an adjacent storage room area, with a chest freezer, ice machine, ice cream dipper and ample shelving. SELLER WILL OFFER SUBSTANTIAL CARRY BACK FINANCING for a qualified buyer. New 5 year lease $2,500/month all inclusive rent for first year, then $2,7500/month + $1,000 NNN fixed for the remaining four years. Price includes the type 47 liquor license, approximate current value of $25,000, which a Buyer may exclude form the purchase and negotiate the price accordingly. The business has been successful as an American style restaurant for many years, the location would work well for many other possible concepts, especially family run concepts Mexican restaurant with full bar, a roadhouse or sports bar and grill, a Hofbrau style diner, or a family style pizza and pasta house.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1987
Current Owner:   2009
# of Employees:   Contact For Info
Seating:   110
Square Foot/Size:   2,500 bldg/ 25,000 lot size
Parking:   Private parking lot
License(s) Required:   Business, ABC Tpe 47 (Hard Liquor)
Days Open/Hours:   S,M 6:30a-3p Tue-Sat 6:30a-9p
Reason For Sale:   Other interests
     
Financial Information
Revenue:   $20,000 / month
Cash Flow:   Contact For Info
Payroll:   Contact For Info
Lease Information
Lease Rent:   $2,500 all inclusive see
Lease Expiration:   New 5 year Lease
Yearly Adjustment:   $2,500 year 1, $3,750 yea
Lease Option:   5 year + Negotiable
Financing Information
Down Payment:   SELLER OFFERS FINANCING
All Cash:   SELLER OFFERS FINANCING
Listed by:   Steve Zimmerman
 Restaurant Realty Company
Email: Email Seller
Phone:  415-945-9701
Fax:  415-945-9702
Website:  www.restaurantrealty.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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