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Corner Location On High Traffic Berkeley Intersection! Great Lease. RRC#: 3643

Berkeley, Alameda County, California, United States of America
$65,000

Business For Sale Details

Updated on February 21, 2020 at 1:48 pm

  • Property ID: 3643
  • Price: $65,000
  • Building: 1019 sq. ft.
  • Type: Restaurants, Food & Beverage
  • Status: Business For Sale
  • Revenue (Annual): $100,001-$250,000
  • Cash Flow (Annual): $25,001-$50,000
  • Payroll (annual): $4,500
  • Rent: $3,240
  • Lease Expiration: 2028
  • Year Established: 2018
  • Current Ownership: 2017
  • Reason For Sale: Other Interests
  • Employees: 1
  • Revenue (Yearly): $198,000
  • Cash Flow (Yearly): $30,000
  • Days/Hours of Operation: 630am-430pm 7 days
  • Seating: 50
  • Parking: Street
  • Lease Security Deposit: $3,200
  • Lease Options: (1) 5yr

Description

Corner Location On High Traffic Berkeley Intersection! Great Lease. RRC#: 3643

Asking Price: Offered At $65000
Location: Alameda County
Annual Revenue: $198,000
Annual Cash Flow: $30,000
Monthly Rent: $3,240

Listing Description:
Located on Shattuck Ave on one of the busiest thoroughfares in and out of Berkeley and Oakland. The drive by and foot traffic equals high visibility for this business. Once a convenience store, now a cute themed cafe. This space could house a variety of businesses including convenience store, market, coffee or tea house, small cafe and more. A rent of only $3240 per month and 3% annual increase for the remaining 3.5 years on the term, with another 5 year option to extend will set the new tenant up for success.

The low overhead to run this space is a key to any newcomer’s success. Depending on the concept this space can be run by 1-2 employees. Come and see what a great corner location really looks like and how it would suit your concept best.

Equipment list upon request.

General Information:
Established: 2018
Current Owner: 2017
Employees: 1
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $16,500
Monthly Cash Flow: $2,500
Annual Revenue: $198,000
Annual Cash Flow: $30,000
Payroll: $4,500

Business For Sale Location:

  • Location: Berkeley, Alameda County, California, United States of America
  • City / County: Berkeley
  • State / Province: California
  • Country: United States

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