Fully equipped Restaurant in Sebastopol

Price: N/A

Location: Sebastopol

Industry: Restaurants and Other Eating Places

Listing ID: 5144

DESCRIPTION

***Restaurant is available to an interested buyer at no cost to purchase. There are health department change of ownership requirements that buyer will need to take care of. Buyer must have strong financials and good credit to secure lease terms beyond 1 year***

Space is available for lease ASAP all equipment is included for subtenant to use or sell **the dining room tables and chairs are no longer included**
Subtenant will pay rent immediately upon approval and sublease execution
Current Tenant will issue a sublease to a qualified, credit worthy subtenant for the remaining term of the lease which expires in August 2022.
The Landlord will grant extended lease terms (5-10 years) and the subtenant will become the tenant--note, landlord will only grant this to a financially qualified, credit worthy tenant. If the tenant is not financially qualified, but can secure a guarantor the landlord will grant more lease term

LISTING DETAILS

Cash Flow: If applicable, financial information will be shared after an NDA is submitted.
FFE Included: Yes

LOCATION
Monthly Rent: $3,326

Type of Location: Because of other uses in the commercial center and the current tenant's other businesses, restaurant concepts cannot include the following cuisine types: Pizza, Mexican, Donuts or Japanese/Sushi.Subtenant needs to get a health department permit which will require some upgrades to the space that could cost between $15K and $35K.

Square Footage: Restaurant is 1,512 sq.ft. (approx.) with an occupancy of 49

Facilities Information:

Rent is $3,326 monthly includes water. Current term with sublessor expires August 2021. Landlord will consider more lease term with a qualified buyer

Kitchen features a 15’-0” Type-1 hood; 6-burner stove with oven; sandwich prep station; flat-top grill; double basket fryer; various reach-in refrigerators and freezers; 3 compartment sink with drainboards, pre-rinse sink with dishwasher, hand sinks, ice machine and more

Most recently, the restaurant operated with a Thai BBQ concept and the facility is set up to accommodate most any type of cuisine. Exemptions due to other businesses operating in the center the following concepts are not allowed: Donuts, Pizza, Mexican, Japanese or Chinese restaurants.

Sublessor had operated a Chinese restaurant at this location for many years and due to family illness must secure a sublessee to take over the rest of the lease terms.

Premise has been licensed with a Type-41 Beer & Wine license

For more information on this listing, please complete our Non-Disclosure Agreement

CONTACT DEAL OWNER

Ryn Longmaid

Phone: (707)-503-9335
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