Restaurant in Downtown Core-Concept can be Converted

Price: $149,000

Location: San Rafael, Marin County CA

Industry: Restaurants and Other Eating Places

Listing ID: 5189

DESCRIPTION

This beautifully appointed restaurant offers vaulted ceilings, exposed brick and ample seating in a downtown location with great foot-traffic and easy access to parking. The restaurant has a well-equipped kitchen that can accommodate on and off-site catering. Restaurant has operated for many years with a well-loved name and concept which the buyer can keep or convert. The premises is licensed with a Type-47 full liquor license which allows for the sale of beer, wine and spirits. License is available for sale at an additional cost or Buyer can secure an original Type-41 Beer and Wine license.

LISTING DETAILS

Cash Flow: N/A

OPERATION
Year Established: Restaurant was founded in 1989 and moved to the current location in late 2018

Days & Hours of Operation: Current hours of operation: Friday & Saturday 9:00am-2:00pm and 4:00pm-8:30pm; Sunday 9:00am-2:00pm; Wednesday 9:00am-2:00pm & Thursday 9:00am-2:00pm and 4:00pm-8:30pm. Closed Monday and Tuesday

Owner Hours Per Week: Owner works full-time
Employees: 2 full-time 4 part-time employees

LOCATION
Monthly Rent: $5,500
Square Footage: Restaurant is 2,999 sqft (approx.) with inside seating for 55 (approx.) with a private dining area of 487 sqft (approx) for 20 and an office

Facilities Information:

-The current rent is $5,500 monthly, gross. Current term expires September 2028 with one 6-year option. Qualified buyer to work with landlord on extended lease terms.

-Restaurant has beautiful and well maintained kitchen and cookline that includes two, Type-1 Exhaust hood (6’-6” and 11’-0” side-by-side), 6-burner stove with oven, salamander, 2 basket deep fryer, ample prep space, warewashing area and large walk-in refrigerator

PRICE INCLUDES: Furniture, fixtures and equipment, covenant not to compete training period, leasehold interest, leasehold improvements, brand name, recipes, menu and goodwill. Type-47 ABC license is not included in the sale. Some personal items may be excluded from the sale.

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information

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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