Profile: Profitable Bar/Restaurant In Emeryville Area.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Sunny Sidhu, Broker
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| Primary Phone: |
510-913-3619 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/7/09 |
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| Date Last Revised: |
10/7/09 |
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| BizBen Ad #: |
146894 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$299,000 |
| Down Payment: |
$200,000 |
| Annual Revenue: |
Call/Email |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Address Would Be Given After Receiving A Signed Copy Of The Attached Nda. Please Download The Attached Nda, Fill, Sign And Fax It To The Number On It.
Ownership: Same Owner Since The 1980s. Owner Is In 70s, After Operating For Several Decades, Ready To Retire. Perfect Business For Someone Who Would Like To Take Cash Flow With Very Little Down Payment.
Monthly Sales: 60000-70,000. Sales Could Easily Be Higher. Traffic Is Terrific For The Location. According To The Owner, Cash Register Control Is Loosely Enforced Currently Due To Lack Of Management, Especially At The Bar.
Type Of Food: Southern American. Full Bar.
License: Type 47. Full Liquor License.
Rent: 5500 Plus Nnn
Capacity: 80.
Opens: 2:00pm Onwards.
High Margin Sales Including Bar Sales And Food Sales.
Location: Located Right On Major Emeryville-Berkeley Thoroughfare Corridor Right Off The Freeway. Located In High Density Commercial. Ample New Development In The Area With Several High-Rise Residential Going Up In The Neighborhood.
Parking: 9, Plus Ample Street Parking. Most Customers Are Walk-Ins Due To High Density Area.
Property: Property Available Along With The Business For 975,000. According To The Owner, Property Only Appraised For 1.4 Million 2 Years Back. This Is A Steal At Current Offered Rate. Upstairs Has A 3 Bedroom Apartment, Currently Occupied By The Owner’s Relative. Portion Of Building Was Built New 4 Years Back Which Is Currently Billiards Room.
To View: Must Sign And Send Attached Nda And Call For Address. Do Not Disturb Business. Go As Customer, View And Call Broker For Further Details Or Meet In Person.
To Pursue A Transaction Regarding The Business And/Or Property Should Be Based On Further Investigation By The Undersigned. Insignia Business Brokers Or Its Agents Make No Assurance Of Future Profitability And The Income Can Increase Or Decrease Depending On Several Factors Like But Not Limited To: Management Style, Opening Hours, Product Mix, Customer Service, Changing Employees, Vendors Handling, Procuring Or Other Factors.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Sunny Sidhu, Broker at 510-913-3619 Non Disclosure Agreement |
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