Iconic Seafood Restaurant Since 1953 Local Favorite!!!

Alameda County, CA

Iconic Seafood Restaurant Since 1953 Local Favorite!!!
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Asking Price: Get Financing: $195,000

Cash Flow: $34,800

Gross Revenue: $276,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Iconic Seafood Restaurant Since 1953 Local Favorite!!!

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Business Description

Iconic Seafood Restaurant Since 1953 Local Favorite!!!

RRC#: 2755
Asking Price: $195,000
Location: Alameda County, Alameda County, California
Yearly Revenue: $276,000
Yearly Cash Flow: $34,800
Monthly Rent: $2,000

LISTING DESCRIPTION:
Consistent money maker for over 64 years. Open since 1953 this iconic neighborhood restaurant has been serving fried seafood favorites, seafood pasta, and other homestyle, American dishes for decades at the same location. Perfect candidate for the tv show "Diners, Drive-ins and Dives". Walk back in time and experience old, bay area cooking from a bygone era before "haute cuisine" when restaurants served unpretentious food that was delicious, hearty and reasonably priced. There is a Type 47 Beer/Wine license. Fully equipped for serving and seating 70 plus customers. Equipment list available includes a 6 burner stove, 6 foot fire-suppression Hood, 4 burner grill, 4 deep fryers, several refrigerators, tv etc. Menu can be expanded and / or changed to suit chef-owner. On-site parking in addition to street parking. This great little neighbor-hood restaurant is perfect for the family operation, or partners that want to continue serving old-time favorites and add their mark on this neighborhood''s food scene. Call today for address / name & more info.... please fill out / sign the NDA link located at the top. Thank you.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1953 | Current Owner: 2010 | Employees: 1 full time (seller''s father) / 2 part time) | Seating: 59 | Square Footage: 1,400 | Parking: 3 designated in lot and street parking | Licenses Required: business / health | Days Open/Hours: 10am to 830pm mon -thur 10am to 930pm fri/sat CLOSED sundays | Reason For Sale: Retirement |

FINANCIAL INFORMATION:
Yearly Revenues: $276,000 | Yearly Cash Flow: $34,800 |

LEASE INFORMATION:
Monthly Rent: $2,000 | Lease Expiration: April 2020 | Lease Option: negotiable | Security Deposit: 4000 |

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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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