Illness forces sale of this first class Italian Restaurant in AAA location. This place is immaculate from the exquisitely designed dining to the exhibition kitchen. Even the prep kitchen is maintained to the highest standards. This place is spotless; all equipment new in 2005 and very well maintained. The build out alone exceeded $500,000. No Expense was spared. There is a Type I Hood System. Owners are very motivated and must sell. The Sq Ft is 2500 plus an additional 400 Sq Ft outside patio. Total rents only $5200 month including CAM/NNN. The gross sales for 2006 were $652,000 on only dinner five days a week. The potential is unlimited for an owner to open for lunch and even brunch on the weekends. Sellers are looking for a thirty day escrow.
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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:
2 yr Remaining + Two 5 yr options
Total Monthly Rent:
$5,200
Financials
Last Year's Annual Gross:
$622,074
Last Year's Food Cost %:
31
Last Year's Payroll Cost %:
29.6
Operations
# of Full-Time Employees:
3
# of Part-Time Employees:
10
Hours Open:
Tues-Thurs 5pm - 9pm
Fri & Sat 5pm - 10pm
Sun & Mon Closed
Highlights
- Stunning Italian Restaurant:
- Ground Up Build in 2005
- AAA Location
- 2500 Sq Ft
- $5200 Rent Includes CAM/NNN
- Outside Patio
- Open for Dinner Only 5 Days a Week
- Sales Exceeded $622,000 in 2006
- Owner is Motivated
- Over $500K Spent on Build Out
- Thirty day Escrow
- Illness Forces Sale
Financing
Will Seller Lend To Buyer:
Yes
Demographics
Population |
5-mi |
2014 Total Population |
37,223 |
Households |
5-mi |
2010 Number Of Households |
12,235 |
2010 Persons Per Household |
2.80 |
Median House Value |
$348,600 |
Income Per Household |
$79,452 |
Businesses |
5-mi |
2009 Number Of Businesses |
894 |
2012 Number Of Employees |
26,272 |
2012 Total Annual Payroll |
$632,627,000 |
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.