* Included in Asking Price
Prime Rockridge Location Restaurant, Excellent Condition Upside For Dinner Sales
Asking Price: $165,000
Location: Oakland, Oakland, California
Yearly Revenue: $480,000
Yearly Cash Flow: Contact For Info
Monthly Rent: 5,200 see description
This restaurant is located in an outstanding location and is highly visible with easy access. The demographics in the immediate area are strong and this would be an excellent dinner location and currently it is only open for breakfast and lunch. The past owner opened for dinner and dinner sales were very strong so the upside for increased dinner sales and profits is very strong. The restaurant is in excellent condition with tile floors, hanging light fixtures and fans, counter seating, tables and chairs and booth seating, dis[play kitchen, dish washing area, storage areas, large usable basement with office, and 2 ADA restrooms. Some of the equipment includes as follows: 21'' type 1 hood with fire suppression system, double basket fryer, 1'' x 3'' flat grill, 8 burners over 2 ovens, 4'' flat grill + 3'' chargrill over 6 undercounter refrigerator drawers, cheese melter, salamander, 6 burners + 1'' x 3'' flat grill, 3'' -in freezer, 3 -1 door under counter refrigerators (2 with sandwich stations), 3 spindle mixer, 3 utility sinks, waffle iron, food warmer, toaster, 2 door under counter refrigerator + sandwich station, microwave, robot coupe, dish washing sink + rinse hose, 3 compartment sink, 6 employee lockers, ice machine, 2 full door refrigerator, walk-in refrigerator, walk-in freezer, and office safe, etc. The rent is fixed for three years at $5,200 month until 11/1/2019 with no NNN expenses. The rent in the subsequent years through 2025 will increase 3% per year and there will be NNN expenses.
Organization: LLC | Seating: 50 + and 8-10 outside | Square Footage: 1,807 + 800 sq ft basement + outdoor seating | Parking: Street | Licenses Required: Business, ABC Type 41 (beer & wine) | Days Open/Hours: 7 - 8a-2:30p |
Yearly Revenues: $480,000 |
Monthly Rent: 5,200 see description | Lease Expiration: 11/18/25 | Yearly Adjustment: See description above | Lease Option: negotiable | Security Deposit: 10,400 |
Seller Reference #2507
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