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Amazing LEASE - Located on a Very Busy Street in Albany for sale in Albany, CA

Albany, California (CA)

Asking Price: Gross: Cash Flow:
$ 79,000 $ 300,000 Undisclosed

Business Summary:
Amazing LEASE - Located on a Very Busy Street in Albany + Small Cottage Behind Restaurant Included RRC#: 3185Asking Price: Offered At $79,000 Location: Albany, Alameda CountyAnnual Revenue: $300,000Annual Cash Flow: Contact For InfoMonthly Rent: $3,450 All InclusiveListing Description:This restaurant has been serving local favorites to the City of Albany for 22+ years. Over the years, the current owner established a great clientele base, but more importantly, an amazing and impeccable reputation. Prospective buyer can take the current concept and build on it, or they can put in their own concept. Current owner is willing to assist new owners, if the new owners requested so. In comparison to ongoing lease rates in the area, the lease is very favorable and extremely competitive. Per owner, the landlord is great to work with, willing and reasonable. LOTS OF UPSIDE! Currently open 6 nights a week, for a total of 29 hours only. Surrounded by a good mix of both residential and commercial buildings, opening for lunch, brunch, full bar & catering, will bring tremendous new growth opportunities. Behind the restaurant, ample space to put a charming outdoor dining area. In addition, a small cottage is included as part of the lease, great potential to turn into a private dining area, storage or even use as rental income. Thank you for checking out this amazing opportunity. Please lets us know if you have any further questions. Cheers!General Information:Organization: Sole ProprietorshipEstablished: 1994Current Owner: 1994Employees: 5Reason For Sale: Other InterestsFinancial Information:Monthly Revenue: $25,000Monthly Cash Flow: Contact For InfoAnnual Revenue: $300,000Annual Cash Flow: Contact For InfoPayroll: Contact For InfoMonthly Revenue: $25,000Monthly Cash Flow: Contact For Info

 

   
Seller Reference Number: 3185
BusinessMart.com Listing Number: 236489
 

 

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For more info contact:

Steve Zimmerman

Restaurant Realty Company
415-945-9701

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