Neighborhood Restaurant - Specialized Menu
Location California,United States
Asking Price Range < $250K
Gross Revenues $348000
Net Profit / Cash Flow $54000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description Neighborhood Specialty Restaurant & Catering- $55k Profit- Negotiable Rent
RRC#: 1768
Asking Price: $79,000
Location: Alameda, Alameda County, California
Yearly Revenue: $348,000
Yearly Cash Flow: $54,000
Monthly Rent: $3,300 all inclusive
LISTING DESCRIPTION:
This business is well a well established local eatery, located on a main route running to a desirable Alameda County waterfront community. The corner location is highly visible, and sees a constant flow of all day vehicle traffic. A small parking lot, as well as street parking, serve the clientele. The comfortable dining area seats about 28 but has a capacity for 36 inside, and could easily accommodate outdoor seating as well. A service counter serves both on-site and take- out ordering, and the restaurant does a very brisk catering business for local pick up and off site events. A wood burning smoker is the kitchen's focal point, along with an alto sham, 6-burner range and oven, 2' char grill, a double fryer, 3-pan steam table, butcher block prep tables, a microwave and a mixer. There is are 1-door and 3-door reach-in refrigerators, 1-door freezer, an 8' deli case, a large commercial ice machine, as well as a 3-compartment sink with rinse unit, dishwasher, 1-compartment prep sink, 2- rolling sheet pan racks and grease trap. A mobile smoker serves the off site catering events. Dry goods storage is ample with a large ground floor storeroom and a second level storage area. Operating hours and service to the public is somewhat limited, so business sales and profits could easily increase by opening earlier and extending the evening hours, especially on weekends, and expanding from six to seven days a week. There is also a huge potential upside to increase sales and profits by adding an on- premise beer and wine license. The operation's specialized menu relies on unique proprietary recipes, which have been key to sustaining the loyal clientele and business reputation over many years.
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