Huge Price Reduction! Busy ''turn Key'' Restaurant

Livermore, CA (Alameda County)

Huge Price Reduction! Busy ''turn Key'' Restaurant
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Asking Price: Get Financing: $245,000

Cash Flow: N/A

Gross Revenue: $960,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Huge Price Reduction! Busy ''turn Key'' Restaurant

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Business Description

Huge Price Reduction! Busy ''turn Key'' Restaurant With Gorgeous Patio Located In Downtown Livermore

RRC#: 2288
Asking Price: $245,000
Location: 1770 1st St., Livermore, California
Yearly Revenue: $960,000
Yearly Cash Flow: Contact for Details
Monthly Rent: 7784 inclusive NNN

LISTING DESCRIPTION:
HUGE PRICE REDUCTION! Priced to sell at $245,000 for this very successful, busy Livermore restaurant. Livermore is located on the eastern edge of the San Francisco Bay area with a population of around 90,000. Recently expanded by doubling it''s size from 1400 sq ft to 2800 today, this corner unit restaurant has an extremely low rent, 95 seats indoors plus a gorgeous wrap around outdoor patio seating a further 40. Completely ''Turn Key'' with an ABC type 41 beer and wine license, tiled floor, a fully loaded open kitchen with a 12 ft hood, broiler, deep fryer, 6 burner stove and oven and ample s/s work tops & large walk-in and a huge parking lot located on 1st street in downtown Livermore. The location is on Livermore''s "Restaurant Row," with a neighboring movie theater, many other restaurants and one large corporate restaurant, all in the same local area. This is a great restaurant established in 2011 and has built up an excellent following. This Livermore business is on target to do around $1.1MM this year and is price to sell at $245,000 and has the space to increase this amount to over $1.5 MM under the vision of an experienced owner. The future potential of this business is secure. See the photo''s below to review the restaurant and you''ll see what an opportunity this really is. Complete the ‘Confidential Information’ request at the top of this page and we will send you the name, address, financials & lease of this business. We will also send you the broker contact information so you can discuss this opportunity in more detail and arrange a site visit.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1995 | Current Owner: 2011 | Employees: 4 fT / 11 PT | Seating: 95 + 40 Patio | Square Footage: 2800 | Parking: Street + Parking lot | Licenses Required: Health, Business and ABC Type 41 beer and wine | Days Open/Hours: Sun-Thurs 11.00am-9pm Fri & Sat to 10.00pm | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $960,000 | Contact for DetailsInventory: $8,000 - 10,000 | Payroll: $16200 |

LEASE INFORMATION:
Monthly Rent: 7784 inclusive NNN | Lease Expiration: 2023 | Lease Option: 5 yr option | Security Deposit: 5725 |

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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