Category:
8621 - Food and Beverage
Location:
Northern California - Northern California
Business Description:
This Mediterranean Bar & Grill has a prime location in a major South Bay shopping center. In late 2016 and 2017, the center underwent a huge renovation project and access to the restaurant was restricted by construction and temporary fences. This had a major negative effect on sales with revenue dropping from $1.4MM+ to just over $1MM. The construction is complete now and sales are returning to their former levels – 2018 was up over 2017 by nearly $350,000 and the cash flow more than doubled. The restaurant has a type 47 ABC license and below market rent. The seller is motivated to join his family overseas and has reduced his asking price. (#8621)
Inventory (included):
$3,000
P & L
2018
$1,353,407
(Sales)
$127,544
(Adjusted Cash Flow)
1120-S
2017
$1,088,035
(Sales)
$60,360
(Adjusted Cash Flow)
1120-S
2016
$1,411,385
(Sales)
$176,533
(Adjusted Cash Flow)
1120-S
2015
$1,443,345
(Sales)
$249,467
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 7 | 15 |
| Owners | 1 | 0 |
Hours of Operation
Daily 11:00 a.m.-10:00 p.m.
Licenses Required:
Monthly Rent Including NNN:
$15,911
Expires:
5-31-22
Option:
For 10 years
Size(sq.ft.):
3,416
Type of Organization:
S Corp
Reason for Sale:
Moving out of the country.
Training:
2 weeks 25 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.