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RENT REDUCTION-Established Fast Food Restaurant Southern Marin $80,000+ Profit, RRC#2303

$115,000

Business For Sale Details

Updated on October 17, 2019 at 8:48 pm

  • Property ID: RRC#2303
  • Price: $115,000
  • Type: Restaurants, Restaurants, Food & Beverage
  • Status: Business For Sale
  • Revenue (Annual): $500,001-$1,000,000
  • Cash Flow (Annual): $50,001-$100,000
  • Rent: 5667 all inclusive
  • Lease Expiration: 12/31/2016 see narrative
  • Organization: Partnership
  • Reason For Sale: Other Interests
  • Revenue (Yearly): $660,000
  • Cash Flow (Yearly): $84,000
  • Days/Hours of Operation: 7 / Lunch and Dinner
  • Seating: 20 inside + 8 outside
  • Parking: Street
  • Licenses: Business, ABC Type 41 (beer & wine)
  • Lease Options: 5 years

Description

A successful fast food restaurant in a very desirable town on a major street with strong exposure near the downtown. The restaurant has a large glass frontage, display kitchen with indoor and outdoor seating. Some of the equipment includes as follows: 9” type 1 hood with fire sprinkler system, 2 burners, 4” flat grill, double basket fryer, 3 compartment sink, hand sink, 2- 1 door under counter refrigerators, soup warmer, 2 door under counter refrigerator + sandwich station, microwave, mop sink, 2 full door under counter refrigerator, POS system, ice cream machine, 3 spindle mixer, 5 employee lockers and utility sink, etc. There is also and ADA unisex restroom and storage area. The landlord would consider a ten year lease for a qualified buyer. The current lease has a percentage clause of 5% of sales between $650K to $900K year and 7.5% for sales over $900K per year. Modification of trade name is included.

Business For Sale Location:

  • Location: Mill Valley, CA, United States
  • City / County: Mill Valley
  • State / Province: California
  • Country: United States

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