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Listing ID: 2489719

Restaurant & Catering, $1.2m Sales, $168k Cash Flow, Sba Loan Of $300k Approved For Sale

Berkeley, Alameda, California, United States

$ 395,000

Revenue: $ 1,164,000

Cash Flow: $ 168,000

Business Description

Restaurant & Catering, $1.2m Sales, $168k Cash Flow, Sba Loan Of $300k Approved

RRC#: 2669
Asking Price: $395,000
Location: Berkeley, Alameda County, California
Yearly Revenue: $1,164,000
Yearly Cash Flow: $168,000
Monthly Rent: 3,195 all inclusive

LISTING DESCRIPTION:
This is a consistently profitable business, with on site and catering derived sales, from a diverse loyal following and established corporate clientele. Located in a very desirable area with a residential and commercial mix, the business benefits from heavy motorist and foot traffic from locals, tourists and professionals. Consistent with previous years, the business generated an impressive $168,000 cash flow in 2016 with the hands on owner working approximately 40 hrs per week. The business has been pre-approved for $315,000 in SBA financing for a qualified Buyer, where the business name, menu, recipes, branding, catering clientele and assignment of the lease all included in a sale. This in an inviting and customer friendly concept, with convenient walk up accessibility, geared for take-out and delivery. An open kitchen format is cuisine focused and enticing, adding to the customer’s involvement and a more personal food experience. The fully visible line kitchen features two type 1 hoods with griddle and char grill, gas burner sauté unit, deep fryers, double convection ovens, plus refrigeration including a 2- door under counter and 2-door sandwich prep unit. Back of house prep and storage areas include a 9’ x 6’ walk-in cooler, 30 qt mixer, slicer and various electric food prep units, 3-compartment sink, scullery sink, and multiple stainless work prep tables. An office, employee restroom and additional separate store room balance out the main level. A separate area has an 8’ x 8’ walk-in cooler, freezer and metro shelving units. Qualified buyers, who have good personal financials, above average credit history, along with previous food and beverage operator experience, are encouraged to complete and submit their info and screening questions to receive more details about this unique and profitable business.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2002 | Current Owner: 2002 | Seating: 4 inside, 18 outside | Square Footage: 1,000 estimated | Parking: Street | Licenses Required: Business, Health Dept. | Days Open/Hours: 11a-9p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,164,000 | Yearly Cash Flow: $168,000 |

LEASE INFORMATION:
Monthly Rent: 3,195 all inclusive | Lease Expiration: 2020 | Yearly Adjustment: 5% | Lease Option: 5 years | Security Deposit: 2,500 |

Property Details

Property Type:

Lease

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