Opportunity to purchase an Ethnic Cuisine Restaurant with Room to have banquets and large Gatherings!
The large dining area will do well with 50% dining mandates moving forward. There is also an area for a patio out front that is not currently used to its potential.
Brand New Everything - Done Right - Buildout!. The owner will Look at reasonable offers. The seller spent over $528K, and your savings are huge, not to mention the amount of time you would spend on permits and licenses.
Being Sold as an Asset Sale with name, recipes and everything you need to take this place to its true potential.
This opportunity has many revenue centers to develop and is in a great Folsom location.
Catering, Parties, Events in this more than adequate space will create revenue opportunities.
One Large distinct Dining area is casual...yet Elegant.
Area: This is a Folsom area location with nice curb appeal. Great Demos and High Incomes in Safe and Incredibly busy Retail Center!
Menu: The Menu is not like any typical restaurant. This is an Authentic Ethnic Cuisine with a great selection of flavorful food influenced by Persian, Chinese, Indian and Mediterranean cultures.
Furniture Fixtures & Kitchen Equipment: Comes with a huge 20ft Ansul Hood system, 2- 6 burner stoves , Flat Grill & Char Grill, Tandori…2 walkins and 3 Door See-through Bev Refrigerators, Freezer, Ice machine, Tons of small wares, plenty of High-End Chairs and Tables, Security, POS and more.
Lease: 5,000 sqf. $10,900 per month All in total and doesn’t expire until 2030! some spaces these days are 2/3 the rent with half the space.
Highlights and Upside:
The owner has Built this restaurant from Scratch at over $528K...you don't have to worry about used equipment. The seller has an existing business and needs to place more time in that operation.
|2014 Total Population||70,184||145,145|
|2010 Number Of Households||24,935||50,101|
|2010 Persons Per Household||2.62||2.70|
|Median House Value||$385,500||$376,613|
|Income Per Household||$98,547||$96,068|
|2009 Number Of Businesses||1,911||3,439|
|2012 Number Of Employees||61,904||91,934|
|2012 Total Annual Payroll||$2,125,271,000||$2,869,832,000|
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