Tex Wasabi's, 515 4th St, Santa Rosa; Below Market Lease

Sonoma County, CA

Tex Wasabi's, 515 4th St, Santa Rosa; Below Market Lease
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Asking Price: $395,000

Cash Flow: N/A

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Tex Wasabi's, 515 4th St, Santa Rosa; Below Market Lease

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Business Description

Tex Wasabi's, 515 4th St, Santa Rosa; Below Market Lease; Did $2 Million + Sales

RRC#: 3462
Asking Price: Offered At $395,000
Location: 515 4th Street, Santa Rosa
Annual Revenue: $2,000,000
Annual Cash Flow: Contact For Info
Monthly Rent: $4,700

Listing Description:
This long established business in a very desirable downtown location where there is a lot of new growth underway. The building was recently remodeled at a cost of $1.5 million. The concept is very unique and the business has generated strong sales and profits for many years. There are several dining areas with a combination of tables and chairs, bar stool seating and banquette seating. There is a separate bar area, an area where private parties up to 75 can be held and the atmosphere has an upbeat comfortable casual vibe. Some of the equipment includes as follows: 13' type 1 hood with fire suppression system, 4 compartment steam table, 6' under counter refrigerator with sandwich station on top. Alta Sham oven, 3' char grill, 2' flat grill, 3 double basket fryers, 6 burners over convection oven, prep sink, 6' freezer, ice machine, 2 glycol system, 6 flat screen TV's with audio video system, walk-in refrigerator, 4' glass beer refrigerator, corner bar sink, 24" ice well, hand sink, 6 remote taps +6 taps and 2 booze taps, warming drawer, 4 door back bar, glass chiller, 3 bay bar sink, 3 ice wells, large outdoor Southern Pride BBQ, ADA elevator lift and POS system with with 5 stations, There are also ADA restrooms, large office and several storerooms. There is a below market lease and the rent during the options can only be adjusted by CPI not to exceed 3% per year. The restaurant recently closed.

General Information:
Organization: Corporation
Established: Contact For Info
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $167,000
Monthly Cash Flow: Contact For Info
Annual Revenue: $2,000,000
Annual Cash Flow: Contact For Info
Payroll: Contact For Info

Detailed Information

Location:
Sonoma County, CA
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Contact the Seller

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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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