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#423
San Francisco East Bay Restaurants For Sale

Full Service Restaurant with Real Estate

$1,550,000
Full Service Restaurant with Real Estate
This Listing is Expired
This restaurant received rave reviews by local critics and is just beginning to build a following. It has been completely remodeled inside and outside and is currently a full service Japanese Sushi Restaurant but can be converted to any style. The owners have just gotten the business started and must sell due to sudden health issues. The interior is nicely done with private dinning rooms for those special corporate meetings or those special family moments as well as a new kitchen with two walk-in coolers, a sushi prep area, and a sushi bar. In addition, the interior has new carpet, new lighting system, new tables & chairs, new ceiling panels, as well as ADA compliant restrooms. The exterior is re-finished too with a new roof, fresh paint, fresh sealant on the parking lot, and a new fence around the parking lot. The total Sq. Ft. is about 4,375. This restaurant is located on a main street in Fairfield where there is a tremendous redevelopment project underway. Rents in this area are currently about $2 to $2.25 per sq. ft. and going up. @$2.25 per sq. ft. NNN lease the annual gross income is about $118,000. Using a cap rate of 7.5% the value of the real alone, excluding the business, is $1,575,000.
Agent Steve Lau Dave Hunter DRE License #01483181

Lease

Region:
San Francisco East Bay Restaurants For Sale

Operations

Liquor License:
41
# of Full-Time Employees:
7
Year Established:
2005

Facilities

Indoor Seating:
160
# of Parking Spots:
60
Inside Sq. Ft.:
4,375
Lot Sq. Ft.:
26,136
Total Building Sq. Ft.:

Highlights

  • Compltely Refurbished Japanese and Sushi Restaurant
  • High Traffic Area with High Visibility
  • Real Estate Included
  • Over 4,000 Square Foot Building with storage rooms
  • Over 25,000 Square Foot Lot
  • Hugh newly sealed parking lot included
  • New Tile, Roof and Kitchen and Refridgeration systems
  • All new Table and Chairs and Entertainment Systems
  • Meeting rooms with extensive seating and privacy
  • New Karaoke systems in both meeting rooms
  • New paint inside and out
  • New Carpet

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 72,648 77,293
Households 3-mi. 5-mi
2010 Number Of Households 22,620 23,446
2010 Persons Per Household 2.99 3.01
Median House Value $211,100 $203,663
Income Per Household $55,413 $55,256
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,263 1,330
2012 Number Of Employees 38,226 43,276
2012 Total Annual Payroll $735,090,000 $838,501,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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