Description Remodeled Corner Restaurant With $1 Million Sales And Long Term Below Market Lease
RRC#: 2012
Asking Price: $350,000
Location: Prime Mission District, San Francisco, California
Yearly Revenue: $960,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $2,500
LISTING DESCRIPTION:
A really first class condition, profitable Asian Restaurant located in upscale Folsom, close by Sacramento in Sacramento County. Just over 2500 sq ft of dining room, kitchen, servery, private dining room and outdoor patio. Modern Kitchen includes a 20ft type 1 hood with fire suppressant system, double ovens, 6 burner stove with oven, fryers, 3 station Chinese Wok Range, 3 free standing fridges and freezers, 8'' x 6'' walk in, 3 door work top reach-in, 3 Salt Water fresh Fish Tanks, 400lb ice machine and servers double door upright fridge. The Dining room includes seating for 80 in the main dining room and a private dining room seating 25. Beautiful art and artifacts are all included with the sale. There''s even outdoor patio dining, seating a further 20 guests. Great main road location in an extremely busy part of town. Seller has family issues and can no longer operate this restaurant successfully. This business would suit an experienced operator or family wishing to own their first restaurant. $165,000 buys you a full fitted, profitable restaurant business in the heart of a busy location.
GENERAL INFORMATION:
Organization: LLC | Seating: 40 inside + 10 outside | Square Footage: 1,500 + outdoor seating | Parking: Street | Licenses Required: Business, ABC Type 41 (beer & wine) | Days Open/Hours: 7 / 10a- - 9p | Reason For Sale: Other interests |
FINANCIAL INFORMATION:
Yearly Revenues: $960,000 |
LEASE INFORMATION:
Monthly Rent: $2,500 | Lease Expiration: 12/31/2018 | Yearly Adjustment: See narrative | Lease Option: 2 Five Year Options |
FINANCING INFORMATION: