Popular Park Street location - Concept conversion possible

Alameda, CA (Alameda County)

Popular Park Street location - Concept conversion possible
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Asking Price: $220,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $3,000*

Rent: $5,200 /Month

Established: N/A

*not included in asking price.

Popular Park Street location - Concept conversion possible

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Business Description

Popular Chinese Restaurant located on Park Street in downtown Alameda. This is one of the busiest streets that brings in a large amount of foot traffic to the restaurant. Park Street is known for its busy & vibrant environment. Most of the popular Bars & Restaurants are in close proximity to this location.

Equipment: Procore Refrigerator, Procore Sandwich Refrigerator, Ascend Refrigerator, Freezer, 11-Foot Hood, 4 Range Oven, Fryer, Waitress Station, Cold Tech Reach, Fish Tank, Cash Register/ Scanner, Freezer, Meat Grinder, Meat Cutter, Prep Table 2 Sink, Prep Sink and Much More. A full list of equipment is available with the Listing Broker.

General Information
Organization: LLC | Square Footage: 1250 Sq. Ft. | Licenses Required: City Bus Lic, Health Permit, SBOE, ABC Type-41 Beer & Wine Lic (Included & Transferable) | Seating Capacity: 50
Hours: Wednesday – Monday 11:30 am – 9:30 pm. Closed on Tuesday|
Reason for Sale: Other Business Interests

Lease
Rent: $5200/month (Including NNN)
Lease: 6-Year Remaining on Sellers Lease (Including 5 Yr Option). Additional 5 Yr Option possible Subject to Negotiations w/ Landlord

Revenue
Gross Sales: $55,000/Month (As Per seller, Not Verified by Broker)
Financing
All Cash| SBA Doable

Broker Disclaimer:
Mission Peak Brokers, Inc. We obtain the information in this marketing package from sources we believe to be reliable. However we have not verified its accuracy and make no guarantee, warranty and representation about it. It is submitted to the possibility of errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may bit represent current or future performance of the business & Property. You and your tax or legal advisers should conduct your own investigation of Business property and transaction.

Detailed Information

Location:
Alameda, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,250
Lease Expiration:
N/A
Support & Training:
Seller training available.
Reason for Selling:
Other business interests
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Contact the Seller

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HARRY SIDHU

Business Listed By:
HARRY SIDHU

MISSION PEAK BROKERS INC.

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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.

Listing Statistics

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Demographic Information

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