Last Revised: 9/10/19. Posting #: 252115
Key Words: chinese, asian, alameda, convert
Financial Info: Price: $220,000. Down: Email. Adjusted Net: $95,000. Annual Revenues: $630,000+. Rent: $5,200/month (Including NNN). Lease: 6-Years Remaining (Including 5 Year Option). Additional 5 Year Option possible. Gross Sales: $55,000/month (As Per seller). Financing: All Cash. SBA Doable.
Profile: Popular Chinese Restaurant located on Park Street in downtown Alameda. This is one of the busiest streets that brings in a large amount of foot traffic to the restaurant. Park Street is known for its busy & vibrant environment. Most of the popular Bars & Restaurants are in close proximity to this location.
Equipment: Procore Refrigerator, Procore Sandwich Refrigerator, Ascend Refrigerator, Freezer, 11-Foot Hood, 4 Range Oven, Fryer, Waitress Station, Cold Tech Reach, Fish Tank, Cash Register / Scanner, Freezer, Meat Grinder, Meat Cutter, Prep Table 2 Sink, Prep Sink and Much More. A full list of equipment is available with the Listing Broker.
Organization: LLC | Square Footage: 1,250 sq. ft.
Licenses Required: City Business License, Health Permit, SBOE, ABC Type-41 Beer & Wine License (Included & Transferable) | Seating Capacity: 50. Hours: Wednesday - Monday, 11:30am - 9:30pm. Closed on Tuesday.
Reason for Sale: Other Business Interests
Rent: $5,200/month (Including NNN)
Lease: 6-Year Remaining on Sellers Lease (Including 5 Year Option). Additional 5 Year Option possible Subject to Negotiations with Landlord.
Gross Sales: $55,000/month (As Per seller, Not Verified by Broker)
All Cash| SBA Doable
We obtain the information in this marketing package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty and representation about it. It is submitted to the possibility of errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may bit represent current or future performance of the business & Property. You and your tax or legal advisers should conduct your own investigation of Business property and transaction.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Profile: J. Back & Associates Restaurant Real Estate was founded in 1988 as the first bay area real estate company to specialize exclusively in restaurant real estate. I am the past President of Charley Browns restaurants and have been involved in the restaurant business for over 35 years.
Key Words: jeff back, j. back & associates - restaurant sales, restaurant, restaurant broker, fast food, hamburger, bar, quick service restaurant, pizza, gastro pub, pub, thai, mexican, hayward, alameda, san ramon, constra costa, san jose, santa clara, oakland, dublin, lafayette
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Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Key Words: valuation, business valuation, valuing a business, valuing your business, sell a business, selling a business, sell your business, sellers, john byrne
Profile: When posting either a For Sale or Wanted To Buy Posting on BizBenNetwork, effective copy can be critical for catching the attention of either a prospective buyer (with a For Sale Posting), or a seller (with a Wanting Posting). Peter Siegel covers what our research shows works best in BBN postings.
Key Words: postings, posting, peter siegel, advertising
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