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Very Profitable, Iconic Restaurant & Deli - Real Estate Optional

Alameda County, CA

Seller Financing Available
Iconic Restaurant
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Asking Price: $2,600,000

Cash Flow: $752,863

Gross Revenue: $4,437,000

EBITDA: N/A

FF&E: $510,562

Inventory: $50,000*

Real Estate: N/A

Established: 1970

*not included in asking price.

Very Profitable, Iconic Restaurant & Deli - Real Estate Optional

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Business Description

This long-established and very popular restaurant and delicatessen in a celebrated location is being offered for sale as a very profitable, on-going business. The fully-staffed, well-trained team serves breakfast, lunch and dinner daily as well as preparing and offering traditional delicacies. Utilizing locally-grown and seasonal ingredients, the Owners/Sellers have made this very well-known establishment a destination for reliable, comfortable dining and for picking-up special delicatessen food items. The outstanding food and service and its location in this famous restaurant area, has long commanded a large, loyal following.

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Detailed Information

Location:
Alameda County, CA
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
4,200
Employees:
24 FTE, 32 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This large 4,200 sq. ft. restaurant with its 100+ seating capacity, is attractively decorated, has booths as well as table seating, and has outstanding exposure on a busy street with ample neighborhood parking. Sellers may consider selling the building to a buyer of the business.
Competition:
There are several restaurants in this well-known restaurant district, but none that compete directly with the Sellers’s restaurant/deli.
Growth & Expansion:
In addition to the continued expansion from growth in the region and customers’ word-of-mouth promotion, a new owner could quickly increase revenues with catering, delivery, a satellite operation, or branding and wholesaling their existing products at major food outlets.
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Sellers will provide training and introductions to help ensure a successful, profitable transition.
Reason for Selling:
Retirement
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Contact the Seller

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Phil Holt

Business Listed By:
Phil Holt, DRE #01731143

Sunbelt San Francisco

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. 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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