Last Revised: 9/9/19. Posting #: 243903
Key Words: japanese, asian, alameda
Financial Info: Price: $259,000. Down: Call. Adjusted Net: Call. Annual Revenues: Call. Rent: $3,000/month including NNN. Rent: $3,000/month, no increase until ~2020, then $3,200 until 2022. Lease Option: 5 years. Security Deposit: 1 month. More income potential if hours expanded. 5 paid employees. Type 41 License.
Profile: Location: Alameda County.
Rent: $3,000/month including NNN
This long established bar and restaurant with an ABC license represents a huge opportunity for a buyer looking for an attractive restaurant and bar in a downtown location. This is a turn key business.
This business has been in the current ownership for 25 years and is the first time on the market. The kitchen is fully loaded with a Type 1 hood. The owner is looking for the motivate buyer with good credit.
Year Established: 1918
Current Owner Owned Since: 1993
Employees: 2 full-time, 3 part-time
Seating: 42 + 7 at bar
Size: 1,500 sq. ft
Has Type 1 Hood & Grill.
Parking: street, owner's parking available.
Licenses Required: health, business and ABC type 41 license
Tuesday - Friday: 11:30am - 2:15pm, 5pm - 10pm
Saturday: 5pm - 10pm - Dinner Only. Potential for more income if hours expanded.
Sunday: 5pm - 10pm - Dinner Only. Potential for more income if hours expanded.
Reason for sale: The owner is retiring.
Rent: $3,000/month, no increase until ~ 2020, then $3,200 until 2022.
Lease Option: 5 years. Security Deposit: 1 month
Please complete the non disclosure agreement (NDA) and we will send you the name and address with the financial information, lease & the full list of equipment included with the purchase.
Professional Resources & Contacts To Help You Close Your Deal!
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
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.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
View All Related Resources & Advisors For This Posting
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.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: It is every buyer’s dream to purchase an absentee owner business that allows them to collect a sizable paycheck without requiring any work. Is this a realistic expectation for business buyers? Is there such thing as 100% absentee business ownership? Jordan Green explores this popular topic.
Key Words: absentee, absentee owner, absentee ownership, semi-absentee, business owner, jordan green
Profile: Business buyers must use extreme caution when seeking online businesses for sale. In this BizBenNetwork blog, BBN Senior Facilitator Manager Jordan Green explains the major red flags that buyers should look for when examining online business opportunities and existing online businesses for sale.
Key Words: buyers, buying a business, finding a business, searching for a business, online businesses, business opportunities, scams, jordan green
Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
View Related Blog Posts For This Posting
Profile: Whether it’s a business owner/seller or a business broker representing a business owner who is selling, buyers of businesses must be diligent about asking the right questions and getting the right information up front before wasting their time or losing money in a potential futile transaction.
Key Words: buying a business, peter siegel
Related Discussions For This Posting
Comments & Replies: 1 Topics: buying a business, due diligence
Profile: It's no secret that both small and large restaurant purchases are sometimes tricky to pull off & can be difficult to determine if a deal is a good one to move forward with. BizBenNetwork Members weigh in with critical investigative components & tips of buying a restaurant in the due diligence phase.
Key Words: restaurant, restaurants, due diligence, joe ranieri, cafe, deli, bar, bars, fast food, coffee, sandwich, poke, mexican, asian, cafes, delis
Comments & Replies: 14 Topics: for sale by owner, landlords, selling a business
Profile: While there may be exceptions, I believe the best practice is to let the land owner know about your plans to sell the business - meaning a new tenant for him or her - before you begin marketing the company for sale. There are two schools of thought on this important question. BBN Members weigh in.
Key Words: landlord, landlords, lease, leases, leasing
View All Discussions
Comments & Replies: 1 Topics: business brokers, buying a business
Profile: BizBenNetwork Senior Facilitator Jordan Green with others share helpful tips for buyers to prepare for a business purchase in order to ensure a smooth and timely process. From preparation to effectively communicating their expectations with business brokers, these tips will assist all buyers.
Key Words: jordan green, business broker, broker, intermediary, buy a business, finding a business, business selection, entrepreneur