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Restaurant & Bar For Sale - Albany, California
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Profile: Restaurant/Salsa Club In Downtown Location. Best In The 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: |
10/11/09 |
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| Date Last Revised: |
10/11/09 |
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| BizBen Ad #: |
146897 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$499,000 |
| Down Payment: |
$250,000 |
| 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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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 To Meet In Person.
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Current Owner Since: 12 Years. Current Owner Set Up The Operation From Scratch And Has Developed Over Time.
Monthly Sales: Currently Doing Sales Of 60-70K In Food Sales Only+ Ticket Sales+ Bar Sales ($2500-3000 Per Night Bar Sales Only For Fri-Sat). 200-300 Per Night Ticket Sales For Friday And Saturday At $13 Per Person. Very Profitable Enterprise Under The Current Owner.
Business Operations: High-End Mexican Food. Salsa Classes Twice A Week. Tickets Run At $13 Per Person. Has 2 Full Bars. Live Bank Fri And Sat. 1st Sunday Of Every Month Is Salsa Classes.
Recently Development: The Restaurant Was Remodeled Less Than 1 Year Back, Which Included Renovating The Guest Area And Parts Of The Kitchen Which Included A New 14 Feet Long Hood.
Location: Downtown Albany/Berkeley Area. This Is The Most Visible Location Located On The Intersection Of 2 Major Streets With Prominent Monument Sign. For A Night Out In The Area, This Restaurant/Bar Could Easily Have The Best Product Offering In The Area.
Space Utilization: The Restaurant Is Divided Into 4 Sections Offering Privacy And Choice Of Seating Separating Dance Floor To Family Style Dining Area That Offers Privacy.
Pos System: Aloha Pos System That Hooks Up All Bars And Restaurant Cash Registers.
Rent: $6900 Plus Nnn (Est. 700-900 Per Month).
Abc Lic: As Type 47, Full Bar.
Timings: Lunch 11:00am-2:00pm Only. Dinner: 5:00pm-9:00pm. 5 Days A Week.
Fri-Sat: Salsa Classes Start At 8:30pm-1:30am. Official Closing Time Is 1:00am.
Food Type: Currently Serving High-End Mexican Food. Offer Salsa Lessons And Full Bar.
Parking: Street Parking In Downtown Location.
Reason For Sale: Owner Wants Change In Lifestyle.
Sba Loan Possible.
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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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