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Long Established East Bay Italian Restaurant
Location: United States -> California -> Northern California - All Northern California -> Contra Costa County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Long Established East Bay Italian Restaurant in Busy Strip Center with $93,000 Profit

RRC#: 3538
Asking Price: Offered At $149,900
Location: Contra Costa County
Annual Revenue: $844,741
Annual Cash Flow: $93,682
Monthly Rent: $8,119 All Inclusive

Listing Description:
This Italian restaurant is located in a busy strip center in an East Bay suburb. The strip center is on a major thoroughfare, and the surrounding area is residential. The restaurant currently serves American Italian food, including New York-style pizza. The space has an old school look and feel. There is a significant opportunity to increase sales through food delivery. The current lease runs through 2024, and has a five year option. The yearly rent increases are fixed. The restaurant is is equipped with a walk in refrigerator, 3 door reach-in freezer, 2 door under-counter prep refrigerator, steam table, 12 burner stove with two ovens, fryer which is all under a 18′ type 1 hood. There is also a pizza oven, large mixer, meat grinder. The dish area has a dishwasher and a 3 compartment sink. There are two restrooms.

General Information:
Organization: Inc
Established: Contact For Info
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $70,395
Monthly Cash Flow: $7,806
Annual Revenue: $844,741
Annual Cash Flow: $93,682
Payroll: Contact For Info
Monthly Revenue: $70,395
Monthly Cash Flow: $7,806


Asking Price Range:  < $250K
Gross Revenues:   $844,741
Cash Flow:   $93,682
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

Print Listing Id: 700342228
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