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Santa Clara County, California
Asking Price
$449,900
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Manjit Singh
Phone: Show phone number
Name
Manjit Singh
Phone
Show phone number
Posting ID:
293066
Attributes:
Absentee Run
License (Liquor, etc.)
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MS Real Estate Inc. is pleased to present a compelling opportunity to acquire a fully equipped, turn-key ethnic restaurant in a prime location in Manteca, California. This establishment is strategically positioned within a dynamic area known for its affluent neighborhoods and active community, ensuring a consistent flow of vehicle and foot traffic conducive to business success. The restaurant is surrounded by established businesses, enhancing its growth potential and customer engagement. It offers the flexibility to continue with its well-regarded current food concept or to introduce a new culinary experience, making it an attractive option for an ambitious owner-operator. With a strong reputation built over time, this restaurant enjoys a loyal customer base and consistently receives positive reviews, reinforcing its status as a cherished part of the local community. This solid following represents a unique investment opportunity for buyers seeking to impact the local dining scene significantly. PRINCIPALS ONLY! * Square Footage: 2,009 square feet, providing ample room for dining and operational needs. It has a 10-foot Type-I hood, meeting necessary health and safety regulations. Ample parking is available for customer convenience. * Monthly Rent: $7,200.00, all-inclusive * Lease Terms: The current lease is valid until July 31, 2028, with an option for a five (5) year renewal, ensuring long-term stability. * Seating Capacity: Accommodates 84 guests, making it suitable for intimate dining and larger gatherings. * Licenses Required: Health Permit and Business License, ensuring compliance with local regulations. * Operating Schedule: Open Tuesday through Sunday from 11 AM to 8 PM; closed on Mondays. * Staffing: Operated by a team of 2 full-time employees dedicated to maintaining high service standards. *Reason for Sale: The current owner is selling due to family commitments and a need for improved time management. Financial Overview: • The restaurant has recorded annual revenues of approximately $300,000. Interested parties are encouraged to contact the listing broker for further financial details. Financing Conditions: • This opportunity is an all-cash transaction, and seller financing is unavailable. Prospective buyers must provide proof of funds and sign a non-disclosure agreement (NDA) to access additional information about the business.
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