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#5815
San Francisco East Bay Restaurants For Sale

Busy East Bay Retail Center Asian Style Cuisine

$109,000
Busy East Bay Retail Center Asian Style Cuisine
This Listing is Expired

 Mediterranean Style Restaurant in Busy Retail Center in Union City - East Bay area!

This center is bustling traffic with many restaurants and varying styles of Cuisine. This Restaurant is a cornerstone in the Union City community and has been recognized for its outstanding Mediterranean cuisine, excellent service and friendly staff.

This Mediterranean restaurant is known for its modern interpretation of classic dishes and its insistence on only using high quality fresh ingredients.

Large Kitchen with Ansul Hood system, Walk-in Cooler and Freezer and much more!

Pre-dining closure sales indoor were approx. $55-75K per month

The restaurant was doing a reasonable business with online and to-go orders. The restaurant closed just recently as one of the partners has some health issues.

This is a Well-received Restaurant with nice decor as is or you can change to your concept.

The sellers paid $200K for a thriving business not long ago, but unfortunately have to sell. 

Great Reviews to build on and flourish with when the state opens dining back up you will be sure to benefit from buying this business at a discount!

The landlord reduced first year Base rent to $7,500 that's only $2.34 sqft in East Bay! plus NNN $ 1,800 for 3,200sqft. 

All the recipes, equipment, and goodwill are included so you can step in and start operating. Building up and enhancing social media, to-go and online ordering will be key and will contribute to a bright future when in house dining reopens!

Reason for selling: Partner Health concerns.

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
San Francisco East Bay Restaurants For Sale
Lease Term:
Expires May 31, 2022 Plus a 5 year option
Total Monthly Rent:
$9,300
Security Deposit:
$12,000

Operations

# of Full-Time Employees:
3
# of Part-Time Employees:
2
# of Working Owners:
2
Hours Open:
Currently closed
11-2:30, 5-9:30 6 days per week
Year Established:
2017
Hood System Type 1:
Yes

Facilities

Indoor Seating:
127
Inside Sq. Ft.:
3,200

Highlights

  • Busy Retail center with lots of traffic
  • Great Reviews!
  • Mediterean Cusine in center with many Asian and Ethinc cuisines
  • Center pulls in Diners!
  • Busy Retail Center East Bay Union City
  • Offers Considered
  • Landlord just reduced rent to 2.34 sqft.

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 71,088 148,078 298,546
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 20,433 42,305 90,280
2010 Persons Per Household 3.38 3.34 3.15
Median House Value $474,300 $386,822 $454,702
Income Per Household $82,083 $70,898 $80,488
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,085 2,120 5,057
2012 Number Of Employees 37,350 67,194 159,098
2012 Total Annual Payroll $936,245,000 $1,652,029,000 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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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