Two East Bay Locations of Mediterranean Quick-Serve; $1,7+ Revenue; $3

Contra Costa County, CA

Two East Bay Locations of Mediterranean Quick-Serve; $1,7+ Revenue; $3
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Asking Price: $650,000

Cash Flow: $308,554

Gross Revenue: $1,778,311

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $9,445 per Month

Established: 2013

Two East Bay Locations of Mediterranean Quick-Serve; $1,7+ Revenue; $3

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Business Description

2 well-established locations | Mediterranean quick-serve concept

Two East Bay Locations of Mediterranean Quick-Serve Chain; $1,7+ Million Sales; $308K Profit

RRC#: 3980
Asking Price: $650,000
Location: Bay Area, California
Annual Revenue: $1,778,311
Annual Cash Flow: $308,554
Monthly Rent: $9,445 & $3,925

Listing Description:
Two locations of a Mediterranean quick-serve concept for sale, both located in the East Bay. This is an opportunity to purchase an established business that has the potential to be scaled to additional locations. Current owners are absentee, and the operation runs smoothly, with an average of 4.5 stars on Yelp. The food is on-trend and healthy. These businesses come with SBA financing options - please inquire for more details.

The company has put a lot of time and resources into its branding and marketing. They present their food in a distinctive manner, and use customized packaging. They have significant repeat business, and regularly engage with customers through their marketing campaigns and have roughly 18,000 customer email contacts. The company has training and procedure manuals to guide standard operating processes.

The data on sales below is from the 2019 fiscal year. During 2020 the two stores were completely closed down for two months in addition to dealing with the other pandemic-related restrictions, and their sales were approximately 61% of 2019 sales. As of June 2021, the two stores are at 75% of 2019 revenue and are on track to meet or exceed 100% by the end of the year based on the current trend. More information regarding this chain is available upon request.

General Information:
Organization: Corporation
Year Established: 2013
Current Owner: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $148,192
Monthly Cash Flow: Contact for Info
Annual Revenue: $1,778,311
Annual Cash Flow: $308,554
Payroll: Contact for Info

Facilities:
Square Feet: 3,320 & 816
Seating: 75 & 8 Inside / 30 & 30 Outside
Parking: Parking Lot
Days/Hours of Operation: 11am - 8pm Daily

Detailed Information

Location:
Contra Costa County, CA
Real Estate:
Leased
Building SF:
3,320
Lease Expiration:
N/A
Facilities:
Square Feet: 3,320 & 816 Seating: 75 & 8 Inside / 30 & 30 Outside Parking: Parking Lot
Support & Training:
Yes
Reason for Selling:
Other Interests
Contact Seller

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Patrick Totah

Business Listed By:
Patrick Totah

Restaurant Realty Company


Sponsoring Broker:
Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

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Ad#:1866925

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