Mexican Restaurant and Bar Upscale East Bay Community

Restaurant Details - Please Send More Info About This Property


DESCRIPTION
Mexican restaurant and bar prominent location in upscale East Bay location established 27 years being sold as an asset sale.
This Mexican Restaurant and full Bar has been operating in an upscale community in the I 680 corridor for the past 27 years. The owner is cutting back his operations and this restaurant is being sold as an Asset Sale but with a rich history in the community as a popular neighborhood Mexican Restaurant and full Bar. The restaurant is approximately 3, 137 Square Feet + an enclosed covered outside patio of 915 SF. There is a full kitchen and open raised seating overlooking a full bar. The restaurant and bar is conveniently located in a busy center with ample convenient parking. The restaurant can be converted to another use with the following exceptions: Italian/Mediterranean, Hot or Cold Sandwiches, Salads, Asian cuisine. Lease: term to February 28, 2020. Landlord will extend for a qualified tenant. Monthly Rent: $10,879 Monthly CAM, Water, Garbage: $2,404 Annual Taxes, sewer fee, insurance $13,062
GENERAL
Region:
East Bay

FINANCES
Asking Price:
149,000

Sales Volume:
approximately 1.0 million annually

Monthly Rent:
$10,879

FACILITY
Facilities:
Full kitchen and full bar with open seating and large picture windows in front

Approximate Size:
3,,137 SF + 915 SF patio

License:
Full Liquor

Lease Expiration:
2-28-2020

Lease Options:
Landlord will extend lease to qualified buyer