Restaurant, Food Related
In or near Alameda

Status: Available
Price: $348000
Sq Ft: 2,500 Sq Ft.

LBA Listing # 3906






Restaurant, Food Related

Alameda LBA Listing # 3906
This is a magnificent fine dining Restaurant on a 2,500 sq.ft. space located in heart of this well populated upscale City close to playground of big boys of Sicilian Valley. Current owner spend $600,000 to spend to built this Gorgeous place in 7 months. The decor of this amazing fine dining place is French Contemporary and they serve 10 course meal only for privet events! They are not open to public. Seller claims his Gross Annual Sale is about $550,000 and his Net is about $60,000 to $70,000 a year just by few Banquets that he held in his restaurant. Rent is $10,000 a month for 2,500 sq.ft.. He has his tax returns till 2018. Because of seller health issue ( who is the head chief), he can not be open to public and do what he does in everyday's bases. 
Status: Available
Price: $348000
Sq Ft: 2,500 Sq Ft.  

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased: 2013
Business Type: Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation: By Appointment only
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3906
Date Available: 1/9/2020
Reason For Sale: Health Issues
Annual Total Revenue: 550,000
Annual Net Income: 60,000- 70,000
Monthly Payroll:
Lease Information
Base Rent: 10,000/m
Lease Expires: 2023
Lease Option: 1 x 5 years option
Financing Information
Down Payment: 348,000
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.