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#1297
San Francisco East Bay Restaurants For Sale

Area Icon and Profitable American Family Restaurant - SBA Loan Available

$595,000
Area Icon and Profitable American Family Restaurant - SBA Loan Available
This Listing is Expired
Selling Restaurant proudly presents this amazing and profitable restaurant owned by the same family for nearly 30 years. This is a rare opportunity to take over an icon in the neighborhood consistently showing strong financial results year-after-year. And with only 30% down you can buy this jewel. This restaurant serves American style food and is located in a free standing building on a high traffic street in the East Bay Area. There is plenty of parking with 38 parking spots. Annual gross sales over the past few years are consistent at $1.1 million as is the profit at $179k-$200k annually. This has been the case for more than a decade! The Sq. Ft. is about 3000 with a seating capacity of 95. Base rent is $9,831 a month and the lease expires on June 30, 2013 plus two 5yr options. This is good opportunity for a qualify buyer who's been looking to invest in a solid business and great location in the East Bay area. Seller is leaving the area and needs to sell this great restaurant. Seller's loss is your gain. Don't miss buying this dream business.

TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
San Francisco East Bay Restaurants For Sale
Lease Term:
Expires June 30, 2013+ Two 5yr options
Total Monthly Rent:
$9,831

Financials

Last Year's Annual Gross:
$1,157,480
Last Year's Owner's Cash Flow:
$171,674
Last Year's Food Cost %:
33
Last Year's Payroll Cost %:
21.3
Last Year's Rent %:
10.6

Operations

# of Full-Time Employees:
10
# of Part-Time Employees:
30
# of Family Employees:
1
Hours Open:
7am to 9pm Daily
Year Established:
1981
Hood System Type 1:
Yes

Facilities

Indoor Seating:
95
# of Parking Spots:
38
Inside Sq. Ft.:
3,010

Highlights

  • Established in 1981.
  • Free standing building.
  • About 3000sq/ft and dining room capacity for 95.
  • Lots of easy access parking with 38 spots.
  • 10 full time and 30 part time employees.
  • Hours are 7 days from 7am to 9pm.
  • Clean restaurant.
  • Buyer must have good credit with FICO in the upper 600
  • 30% cash down required.
  • Qualified buyer must have 5 years restaurant management experience
  • Click any orange link below, register and sign Confidentiality Agreement to the Name and Address

Financing

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

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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. DRE License # 01339409.

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