Franchise Breakfast and Lunch Restaurant

Restaurant Details - Please Send More Info About This Property


DESCRIPTION
Franchise Breakfast and Lunch Franchise located in a very busy shopping center and continuously operated since 2005. No experience necessary. Training included.
This Breakfast and Lunch restaurant opened in this location in 2005. It has been continuously operated by the original franchisee and the current owner since 2007. The restaurant is very well located in a high traffic location near large retail operations, hotels and other strong retail tenants, industrial businesses and residential customers. The restaurant has enjoyed a good reputation in the area for the past 12 years and is operated on a franchise basis. The current royalty and administrative fee is 3.75% and there is no Franchise fee or transfer fee. Training is included in the price. All recipes, procedures, and use of the trade name is included in the sale and franchise agreement. The restaurant is approximately 3,000 SF and has ample convenient parking. The owner works the restaurant as a server/manager 4 days a week and earns tips in addition to the annual cash flow of the restaurant. The restaurant is staffed with employees. Lease: Monthly Base Rent: $10,404 Monthly CAM $1,867.10 Monthly Insurance $332.15 Monthly Property Tax $1,811.16 This is a very well established restaurant with consistent sales and ready to be sold to a new franchisee.
GENERAL
Region:
East Bay

Location:
Hayward

FINANCES
Asking Price:
150,000

Sales Volume:
915,000

Cash Flow:
74,000

Monthly Rent:
$14,414.41 including NNN

FACILITY
Facilities:
Fully Equipped kitchena and dining room

Approximate Size:
3,000

Lease Expiration:
December 31, 2020.

Lease Options:
available from landlord