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For Sale Japanese Restaurant In Alameda County, California

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Contact: Lucia Yoon at 415-407-0016, 415-407-0016 - Log In To Message/Email This Contact
Last Revised: 9/9/19. Posting #: 243903
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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.

General Information:
Organization: Sole
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

Days Open/Hours:
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.
Monday: Closed

Reason for sale: The owner is retiring.

Lease Information:
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.

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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
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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Contact: Jeff Back at 925-736-8200   Log In To Message/Email This Contributor
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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Contact: Mike Brewer at 800-437-1100   Log In To Message/Email This Contributor
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
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
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
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Due diligence is an investigative inquiry into a business that is performed by a potential small business buyer in order to ensure that the business being purchased is everything that has been represented by the business owner/seller. Here are the best practices for performing due diligence.
Key Words: due diligence, buying a business, buyer, buyers, buy a business, attorney, cpa, non-disclosure agreement, tax returns, income statements, due diligence period, balance sheets, cash flow statements, lease, leases, purchase agreement, purchase agreements, assets, liabilities, legal contracts, distribution agreements, risk, risks, lawsuits, due diligence checklist, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: It is crucial to have buyers interested in purchasing a business sign a non-disclosure agreement before releasing any information to them about the business for sale. BizBenNetwork Senior Manager Jordan Green shares tips for qualifying buyers and implementing a successful non-disclosure agreement.
Key Words: nda, non-disclosure agreement, confidentiality agreement, non disclosure, non disclosure agreements, confidentiality, confidential information, buyer profile, business buyer, prospective buyer, buyer prospect, liability, legal issue, legal, jordan green
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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
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
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
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