Profitable Mediterranean Restaurant or 4200sf Conversion

Placer County, CA

Nice space with bar and dining
Contact Seller

Asking Price: Get Financing: $260,000

Cash Flow: $145,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Lease Rate: $1.86 /SF/Month

Established: N/A

*not included in asking price.

Profitable Mediterranean Restaurant or 4200sf Conversion

Get Financing Save Print Share Valuation Report

Business Description

New Price now $260k!
We are pleased to offer this beautiful Mediterranean Restaurant located in an affluent and family oriented community in the Roseville Area.
The restaurant has developed an excellent reputation for serving fresh Mediterranean dishes with clean flavors and healthful options that customers come back for again and again. The owner and his staff take pride in their attention to detail and desire to create a great experience for customers which are reflected in the restaurants many positive reviews. The next owner could continue to build upon the momentum that has been established with the current concept or this could be considered for a conversion to something new.
The space is approx 4,200sf with below market rent locked in with a long term lease. The current term runs through 2025 and there are three 5-year options. Total Rent is $7,914 per month including CAMs.
The facility has a Fully Equipped Kitchen with two Type 1 Hoods with Ansul systems, a large Walk-In, plenty of prep space and all the specialized equipment you would need to produce a Mediterranean menu.
The restaurant is profitable in the $130k to 145k range, with Sales last year over $900k so there is plenty of business in the area!
The owner has enjoyed building the business but may be moving out of the Norther California Area soon so the time has come to sell.
Interested? Please fill out our Confidentiality Agreement/NDA form to get started.
Once we receive your Confidentiality Agreement, we will send you information with the address and other details.
This is a Confidential Listing so please Do Not Disturb the business. Tours are by appointment only.
We look forward to talking with you about this exciting opportunity!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,255
Lease Expiration:
6/30/2025
Facilities:
The space is approx 4,255sf with below market rent locked in with a long term lease. The current term runs through 2025 and there are three 5-year options. Total Rent is $7,914 per month including CAMs.
Competition:
Great location with lots of retail and residential in the area
Growth & Expansion:
Could continue as Mediterranean or could be considered for a conversion to something new.
Support & Training:
Seller is offering 4 weeks training at 40 hrs/week.
Reason for Selling:
Moving out of Area
Contact Seller

Contact the Seller

Contact Seller Loading

Tricia Bernhardt

Business Listed By:
Tricia

Restaurant eXchange

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1438962 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Hokulia Shave Ice

Franchise Opportunity In CA
Capital Required: $75,000