Restaurant with $1,000,000 Gross Sale & SBA approved

Alameda County, CA

Restaurant with $1,000,000 Gross Sale & SBA approved
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Asking Price: $199,000

Cash Flow: $140,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $16,700 /Month

Established: N/A

Restaurant with $1,000,000 Gross Sale & SBA approved

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Business Description

This is an approximately 4,600 Sq Ft Restaurant and Bar with strong Sales and Net Income for an owner operator. Seller claims his Gross Annual is over $1,000,000 and Net Profit of over $140,000.00. The location has inside capacity of 135, Outside of 20 guests and ample parking. Lease was recently renewed for 5 x years with 1 x 5 years option. This is a beer Brewery and Grill Restaurant with strong sales and excellent Net Income. Seller claims the following :
Gross Sales from January- July 018+$608,896.00
Gross Sales for 2017= $1,047,950.00
Gross Sales for 2016 = $1,078,000.00
Labor Cost = 28%
Bar Cost =23%
Food Cost = 30%
Rent is $14,183/m.
CAM Charges=$2,884.00
Annual Payroll is approx:$300,000.00

This location is now SBA approved with 20% ($45,000) down.
Buyer needs to be experienced in Restaurant or Bar.

Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer

Detailed Information

Location:
Alameda County, CA
Real Estate:
Leased
Building SF:
4,600
Lease Expiration:
N/A
Employees:
4X FT - 16XPT
Reason for Selling:
Retiring.
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(from currently available funds)
 
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Matt Sadati

Business Listed By:
Matt Sadati

Liberty Business Advisors of San Francisco Inc.

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