Review

Restaurant (Chinese)
Restaurant, Food Related
In or near Alameda

Status: Available
Price: $480000
Sq Ft: 10,000 Sq Ft.

LBA Listing # 3424
 

 
Restaurant (Chinese)
Restaurant, Food Related


Alameda LBA Listing # 3424
Gorgeous Chinese restaurant with a BAR located on the commercial busy street. Well established since 2009. Customers from local and a lot of reservations from Tour Companies. Seller claims revenue around $960,000. Net income around $280,000. Liquor license 47. 10,000 SF, rent is $12,000 per month including NNN, Lease will be 5 years plus 5 years option. Fixed rent for the first 5 years. 15employees, 8 FT, 7 PT. Open Monday to Saturday, close on Sunday. This is a rare opportunity to own a huge place with lower rent. You can hold a lot of parties to utilize the space. Liquor license 47. There is room for the new owner to increase sale be extending open hours for the BAR. 1- VISIT BY APPOINTMENT ONLY THROUGH LISTING AGENT.2- SHOW PROOF OF FUND.
Status: Available
Price: $480000
Sq Ft: 10,000 Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established: 2009
Year Purchased: 2009
Business Type: Chinese Restaurant
License(s) Required: Business, Health, ABC
Hours of Operation: 11.00am-9.30pm / 6xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3424
Date Available: 11/13/2017
Reason For Sale: Getting Retired.
Annual Total Revenue: 960,000
Annual Net Income: 280,000
Inventory: 8,000
Monthly Payroll: 8,000/m
Lease Information
Base Rent: 12,000/m
Lease Expires: 2021
Lease Option: 1x5 years option
NNN: Included
 
Financing Information
Down Payment: 480,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.