Only $112,000 Cash Down - SBA Loan Pre-Approved

Contact Seller
Asking Price:
$450,000

Gross Revenue:
$1,800,000
Cash Flow:
$263,802
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

Only $112,000 Cash Down - SBA Loan Pre-Approved - 2600 sq ft Profitable Restaurant in Oakland.

RRC#: 3146
Asking Price: Offered At $450,000
Location: Oakland
Annual Revenue: $1,800,000
Annual Cash Flow: $263,802
Monthly Rent: $6,100 Inclusive NNN

Listing Description:
Price Reduced to $450,000. Located on a excellent corner location in the city of Oakland with only $112,000 down to qualify for SBA funding which has been pre-approved for well qualified buyers with restaurant experience and good credit. This 2,600 sq ft restaurant has annual profits of $263,000 and $1.8 million in annual revenues. All the staff in place and the financial books and records are all verifiable. This is an extremely successful counter service (QSR) concept that has grown from $0 - $1 million in sales revenue in 2016 and 2018 sales of $1.8 million. 'To Go' is a large part of the business and lines at the door are a regular sight. Monthly Rent is extremely low for the area at only $6,100, 4% of current revenue. Great location with huge curb appeal, this business has nothing but upside. Boasting a show kitchen with a 20ft Type 1 Hood & fire suppression system with a fully loaded cooking line of kitchen equipment including 2 Bev air refrigeration, 2 Hussman meat cases, 6 burner stove with ovens, broiler, flattop, salamander, ample stainless steel refrigerated worktops plus much much more. All the equipment is only 3 years old so is extremely low maintenance. ABC Type 41 beer & wine license is included with the sale. The concept is counter style service with meats, salads, sandwiches plus an array of exciting modern flare cooking all on display. Behind the scenes is a walk-in cooler, ample basement storage with office. The list of equipment included with the sale is extensive and this restaurant has found it's niche being the 'Talk of the Town' in this fast growing culinary city "by the Bay." To find out more please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & extensive list of equipment included with the purchase. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Information:
Organization: LLC
Established: 2014
Current Owner: 2014
Employees: 23
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $150,000
Monthly Cash Flow: $22,000
Annual Revenue: $1,800,000
Annual Cash Flow: $263,802
Payroll: $44,500
Monthly Revenue: $150,000
Monthly Cash Flow: $22,000

About the Business

Location:
Alameda County, California

Contact the Seller

Listing Info

ID:
1507573
Ad Detail Views:
496

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

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

Restaurant Realty Company
License# 00976818

 Show Phone Number

View My 235 Active Listings
Memberships:
   
Certifications:
U.S. Census Data for Alameda County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Alameda County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.