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$500k Spent In Recently Remodeled Restaurant

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $792000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2004
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Description  $500,000 Spent In Recently Remodeled Restaurant & Bar In Popular Location RRC#: 1776 Asking Price: $295,000 Location: Popular City, Marin County, California Yearly Revenue: $792,000 Yearly Cash Flow: Contact For Info Monthly Rent: $6,615 Over $500,000 was recently spent on remodeling this uniquely designed restaurant and bar. There is upside for lunch daily as the business is open for dinner only except they serve brunch on Sunday. There is a separate bar area with a long bar and two dining room areas. There are high ceilings, a large glass frontage, wood top tables, a community table, and a combination of wood and tile floors. Some of the equipment includes as follows: 15' type 1 hood with fire suppression system, Aloha POS system, 2 - 2 door under counter refrigerators, 6 hand sinks, 4 door under counter refrigerator, 3 compartment sink, 2 ice bins, water purification system for sparking and still water, 3 compartment sink, convection oven, 2 French tops over ovens, 3 - 1 door under counter refrigerators, 2'6'' x 3' chargrill, cheesemelter, 1/2 french top + 1/2 flat grill over oven, 6 burners over oven, double basket fryer, walkin refrigerator, 12 employee lockers, slicer, utility sink, ice machine, croyovac sealer, dishwasher sink+ rinse hose and coffee grinder, etc. There are also storage areas. There is a handicapped lift, prep area, office and 2 ADA restrooms. GENERAL INFORMATION: Organization: LLC | Seating: 49+ | Square Footage: 2,500 | Parking: Street | Days Open/Hours: 7 / Restaurant 5:30p-9/10p Bar 5p-11p/2a | Reason For Sale: Other interests | FINANCIAL INFORMATION: Yearly Revenues: $792,000 | LEASE INFORMATION: Monthly Rent: $6,615 | Lease Expiration: 6/30/2014 | Yearly Adjustment: Fixed increases | Lease Option: 5 years
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