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#3235
San Francisco East Bay Restaurants For Sale

Low Rent Casual Dining Restaurant in Fremont For Sale

$59,000
Low Rent Casual Dining Restaurant in Fremont For Sale
This Listing is Expired

Are you looking for a restaurant space in the beautiful town of Fremont? Do you want low rent and a perfect small restaurant for sit-down and take-out? Do you want a small outside patio to enjoy the long outside dining experience we have in the Bay Area?

If so, we are proudly present this famous historic restaurant location for your pleasure. The restaurant is across the street from the recreation train station and antique stores in the area bring in lots of foot traffic and tourist during the weekend and holidays.

The affordable rent is what most buyers want these days. The landlord will issue 7 years new lease for qualify potential buyer. And with a rent of only $1,260 for first two years then increase 3% for each year how can you go wrong! You can make money on only $15,000 a month of gross sales on this rent factor and the owner has stated to the broker the monthly gross sales are over $26,000!

The restaurant is approximately 1100sq/ft plus over 300sq/ft patio with a bar. Fully equipped kitchen includes hood, walk-in cooler and storage room.

Five years ago, business owner spent over $250,000 to restore this restaurant back to one of the scenes in a Classic Movie, giving it charm and nostalgia. Currently, they are serving highest quality ingredients and wines and have earned excellent reviews from most of the customers.

This restaurant is absentee operated - the owner doesn't work at the restaurant, making is a perfect husband wife situation.

DEMOGRAPHICS
Demographics of Fremont City:
• Population: 209,000
• Number of Households: 68,000
• Average Household Income: $122,000
• Education: 49% of residents have Bachelors, Graduate, or Professional degrees
• Estimated Annual Household Spending Potential: $2.7 billion

Agent Steve Lau DRE License #01423652

Lease

Region:
San Francisco East Bay Restaurants For Sale
Lease Term:
New 7yr Lease
Total Monthly Rent:
$1,260

Financials

Last Year's Food Cost %:
31

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
11
Hours Open:
Lunch:Sunday 10am to 3pm
Dinner:Wednesday to Sunday 5pm to 9pm
Year Established:
2006
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
1,100
Outside Sq. Ft.:
300

Highlights

  • Turn keys business ready for experienced new business owner.
  • Well-known tourist location in the area.
  • Affordable Selling price.
  • Affordable rent with new 7yr lease.
  • Perfectly operate by husband and wife term.

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 70,490 300,468
Households 3-mi. 5-mi
2010 Number Of Households 23,868 93,663
2010 Persons Per Household 2.86 3.10
Median House Value $548,600 $558,504
Income Per Household $87,001 $95,038
Businesses 3-mi. 5-mi
2009 Number Of Businesses 901 6,919
2012 Number Of Employees 12,676 237,156
2012 Total Annual Payroll $249,858,000 $4,294,967,295

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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