Restaurant For Sale - Alameda County, California, CA

PROFILE: Restaurant With Awesome, Upscale Ambience.

AD/LISTING INFORMATION
Status: Available
State: California
Location: Alameda County
County: Alameda
City: None Given
Primary Category: Restaurant Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  126521
Seller Or Contact:  Steve Zimmerman
Primary Phone:  415-945-9701
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  11/6/08
Date Ad Last Revised:   11/6/08

FINANCIAL INFORMATION
Asking Price: $129,000
Down Payment: Call/Email
Annual Revenue: $350,000
Annual Adjusted Net: $100,000
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: No
Bkr To Bkr Cooperation: Yes

DESCRIPTION: New Price Reduction - Restaurant With Awesome, Upscale Ambience, Rrc#: 1219

Location: Alameda County; Alameda County, California

Offered At: $129,000

Listing Description
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High Ceilings, Tiled And Carpeted Floors, Large Front Windows, Recessed And Track Lighting And A Dramatic Color Scheme Create The Perfect Dining Environment. Dining Area Seats 110+, Which Includes An Adjacent Room Ideal For Private Parties And Meetings Enhanced By A Period Glass Skylight. The Full Kitchen Features A Six Burner Range With Oven, A 6' Wok Range, Two 2-Door Reach-In Refrigerators, A Two Door And A Single Door Freezer, Three Rice Warmers And Two Rice Cookers. A 12 Foot Type 1 Hood With Fire Suppression System Is In Place. The Tiled Bar Area Features A Multi Function Drink Dispensing System, Ice Machine, Pos System With Two Printers, Two Hand Held Portables For Servers And A Security Monitor With Dual Cameras. There Is Also An Office Loft And Two Ada Restrooms On The Premises. The Current Operation Has Established A Loyal Clientele Since Opening In 1997. Currently Open For Weekday Lunches Only, There Is Upside For Business By Opening Seven Days A Week And Adding Dinner Service. Gross Sales Were $350,000 In 2007, $490,000 In 2006 And $456,000 In 2005. Profit Was $100,000 In 2007 (Weekdays Lunch Only), $190,000 In 2006 (Open Six Days Lunch And Dinner) And $150,000 In 2005 (Open Six Days Lunch And Dinner). The Menu And Concept Are Included In The Sale. Business Name Is Not Included.

General Information
-----------------------------------------------------------------------
Organization: Corporation
Year Established: 1997
Current Owner: 1997
# Of Employees: Contact For Info
Seating: 110+
Square Foot/Size: 2,454
Parking: Street
Lic. Required: Business, Type 41 Beer & Wine
Days Open/Hours: M-F 11am-3pm
Reason For Sale: Other Interests

Financial Information
------------------------------------------------------------------------
Revenue: See Description
Cash Flow: See Description
Current Inventory: Contact For Info
Payroll: Contact For Info

Lease Information
---------------------------------------------------------------------------
Lease Rent: $4,489 / Month
Lease Expiration: 2011
Yearly Adjustment: Cpi, 4% Min-7% Max
Lease Option: Negotiable
Security Deposit: Not Available

Contact Information
---------------------------------------------------------------------------
Name: Steve Zimmerman
Restaurant Realty Company

Address: 21 Tamal Vista Blvd, Suite 201
Corte Madera, Ca 94925

Phone: 415-945-9701
Fax: 415-945-9702
Email: Inquiry@restaurantrealty.Com
Website: www.restaurantrealty.com

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