Central Marin Restaurant- $300k Recent Remodel

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Business Description

Central Marin Restaurant- $300k Recent Remodel- High Traffic & Visibility- Patio Seating-reduced!

RRC#: 3299
Asking Price: $60,000
Location: Central Marin County, Marin County, California
Yearly Revenue: $300,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $4,560 + water, garbage

LISTING DESCRIPTION:
This is a beautifully remodeled restaurant located in a popular and active downtown area. The space is a very manageable 1,260 sq ft, with a fully built out kitchen, great inward and outward visibility, and all glass, corner situated frontage. There is a covered outdoor patio seating area which is ABC approved for beer and wine service. The Interior is inviting with vibrant wall and lighting elements, and table seating accommodate 30 customers inside, and about 16 on the attractive patio. There is a front service counter with POS terminal, single glass door beverage merchandiser and a 2-door keg fridge with taps. The kitchen area features a 9' type one hood, 6-burner range with oven, a 3- flat griddle, 20 qt commercial mixer, 3-pan steam table, 3-door under counter fridge, 1-door sandwich prep fridge, another glass door beverage merchandiser and multiple stainless prep tables. There is some leased equipment including an ice machine, dishwasher, deep fryer, 2-door reach-in and 1-door freezer. Sinks include a 3-compartment, single prep sink, glass washing sink with power spray, hand sink and a mop sink in a dedicated closet. Several floor sinks for drainage are in place, which allows for great versatility to re-configure the kitchen. There is sufficient storage with wire rack shelving units and stainless wall shelves. The premises is wheelchair accessible and has one ADA restroom. The existing business name, menu and recipes are no for sale. This is an opportunity for Buyers to take over the premises with all equipment, tenant improvements, ABC beer and wine license and assume the favorable lease. This is an excellent location opportunity for a start up business, or for an existing business looking to expand with another location. A breakfast & lunch menu concept would work really well here. These small to medium sized restaurants are hard to find. This one is particularly attractive given the visible, high traffic location, effective layout and configuration, and the recently remodeled kitchen and interior. The monthly rent is $4,560, plus tenant pays their share of water and garbage.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2011 | Current Owner: 2011 | Seating: 30 inside, 16 outside | Square Footage: 1,260 | Parking: Street | Licenses Required: Business, Health, ABC Beer & Wine | Days Open/Hours: Daily 11a-9:3-p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $300,000 |

LEASE INFORMATION:
Monthly Rent: $4,560 + water, garbage | Lease Expiration: Nov. 1, 2021 | Yearly Adjustment: 4% | Lease Option: Negotiable | Security Deposit: 4,000 |

About the Business

Location:
Marin County, California

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Listing Info

ID:
1534249
Ad Detail Views:
253
Asking Price:
$60,000

Gross Revenue:
$300,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Restaurant Realty Company
License# 00976818

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