Advert Ref: 5105-RL

Vibrant Restaurant In Downtown Larkspur For Sale

  • California
Asking price:
$150,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

This vibrant restaurant located in the downtown core of Larkspur is a local’s favorite often having line out the door. Restaurant serves breakfast, lunch and dinner with a focus on Mexican cuisine. Owners are absentee. Well-equipped kitchen with open line, this restaurant could be operated as-is or new operator could introduce a new concept.

Additional details:
-Restaurant is 846 sq.ft. (approx.) with additional storage totaling 42 sq.ft. (approx.). Dining area seats 32 (approx.) with 2-two tops outside.

-Rent is $4,000 monthly, gross with current term expiring August 2021. Landlord will negotiate a longer-term lease for a qualified buyer.

-Equipment includes 14’-0” (approx.) Type-1 Hood; Imperial 6-burner stove with oven; Wolf 36” charbroiler; 36” flattop grill; Double basket fryer; Manitowoc ice machine; single door refrigerator; double door freezer; triple door refrigerator; prep refrigerator; three compartment sink; one compartment prep with spray nozzle; hand washing sinks; mop sink and more

-Established in 1999, the restaurant is open 7 days a week: Monday-Saturday 10:30am -9:00pm and Sunday 10:30am - 8:00pm

-Absentee ownership with 4 full-time with 8 part-time employees

-Inventory of approximately $6,500 is not included in the purchase price

-Premise is licensed with at Type-41 Beer and Wine ABC license

Price Includes: Furniture, fixtures and equipment, training period, leasehold interest, leasehold improvements, and goodwill. Some personal items may be excluded from the sale. Inventory is not included in the sale and is available for Buyer to purchase at wholesale cost

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.

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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