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Listing View: Popular Local Restaurant- $88K Profit- Low, Fixed Rent- Reduced! - Santa Rosa, California


Popular Local Restaurant- $88k Profit- Low, Fixed Rent- Reduced!
Santa Rosa, California

Offered at:
$119,000

Office Listing #   1625
Revenue: $37,000 / month
Cash Flow: $7,400 / month
Lease Rent: $4,950 / month
Square Feet: 3,200

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 Listing Description

This a profitable, beautifully designed restaurant, in a highly visible location, with great versatility. The business is very well priced and is only being sold due to the owner's health. A sale of the business comes with a fantastic lease with under market rent, which is fixed with no increases for 15 years! The location is on a busy street with all day traffic, excellent great visibility and ample parking. The attractive porcelain tiled ground floor offers a relaxed Italian ambiance, and has seating for about 55. A cozy bar seats four, which also serves as a greeting station, has a POS system, 42” plasma TV, an under counter fridge and under counter wine fridge. There is a mezzanine visible and accessible from the ground floor, which comfortably seats an additional 40 customers, and is utilized for expanded seating, large parties and private group events, and has its own server station and storage room. The well equipped full kitchen features a 12’ type 1 hood, 3’ char broiler, two 6-burner ranges with ovens, stock pot burner, two microwave ovens, a 2-pan steam table, double fryer, large slicer and a 30qt, mixer. Refrigeration includes a walk in cooler with a glass reach-in door, a 2-door freezer, 2-door beverage merchandiser, and 1-door and 2-door sandwich prep tables. There is also a freestanding dishwasher, 3-compartment sink with rinse, a 10’ stainless table with built in prep sink and two hand sinks. All of the equipment, both fixed and freestanding, plus all tenant improvements, are owned by the operator, not the landlord! This represents a huge value for a buyer. The entire ground floor is wheelchair accessible, and has two ADA restrooms with beautifully tiled walls and floor. Included in the sales of the business is the menu, the concept, all tenant improvements and equipment, along with lease and the very desirable rent terms. The all inclusive current rent of $4,950 monthly, includes refuse and recycling, and equates to $1.54/ft. and has no NNN charges There is value here in the business, the equipment and improvements and in the excellent rent and lease terms.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   2009
Current Owner:   2009
# of Employees:   Contact For Info
Seating:   95
Square Foot/Size:   3,200
Parking:   Street
License(s) Required:   Business, Type 41 Beer Wine License
Days Open/Hours:   Daily 11a-10p
Reason For Sale:   Other Interests
     
Financial Information
Revenue:   $37,000 / month
Cash Flow:   $7,400 / month
Payroll:   Contact For Info
Lease Information
Lease Rent:   $4,950 / month
Lease Expiration:   May 2024
Security Deposit:   4,500
     
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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