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Alameda County, California
Absentee-Owner-Potential Japanese Restaurant on the center of Temescal Oakland, netting $240,000
Asking Price
$590,000
Revenue
$1,350,000
Down
$140,000
Cash Flow
$240,000
Description
This restaurant is a gem in Alameda County's thriving food and restaurant scene. Set in a compact 1,100 square-foot space, the restaurant is easy to manage and maintain. It operates from 5 pm to 1 am daily, catering to the late-night crowd and food enthusiasts in the area.
Aside from its strong financial performance, the business comes with a semi-absentee run attribute. This means that it can operate with minimal supervision, allowing you to balance this venture with other business interests or personal commitments.
The current owner is selling due to commitments to another business, providing an excellent opportunity for an enthusiastic entrepreneur to take the reins. With a reasonable asking price of $650,000 and a lease term of 7 years, potential buyers can look forward to a lucrative business with a solid foundation. The restaurant also comes with two loyal employees who are integral to its day-to-day operations.
Interested parties don't need to worry about transition struggles. The current owner is committed to ensuring a smooth handover and will provide adequate training for the new owner to help them settle in quickly.
This restaurant is a golden opportunity for anyone looking to invest in California's bustling
Business Details
Year Established:
1997
Employees:
2
Reason for sale:
Other business
Property Information
Size in Square Feet:
1,100 sqft
Lease Terms:
7
Lease & Tenant Information
Lease Options:
$7,800
Posting Information
Posting ID:
8086707
Business Category:
Restaurants & Food
Business Types:
Japanese Restaurant
Attributes:
Semi Absentee Run
Non-Disclosure Agreement
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Posting Title
Absentee-Owner-Potential Japanese Restaurant on the center of Temescal Oakland, netting $240,000
Posting ID
#8086707
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