Business For Sale

Iconic Seafood Restaurant Since 1953

Alameda County, CA
Alameda County


Asking Price: Annual Revenue:
$195,000 $276,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Seafood Restaurant Since 1953 Broker: Steve Zimmerman

Quick Facts

Asking Price: $195,000
Annual Revenue: $276,000
Net Profit: Not Disclosed
Cash Flow: $34,800
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 925711533
Broker Reference #: 2755

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Business Overview:

Consistent money maker for over 64 years. Open since 1953 this iconic neighborhood restaurant has been serving fried seafood favorites, seafood pasta, and other homestyle, American dishes for decades at the same location. Perfect candidate for the tv show "Diners, Drive-ins and Dives". Walk back in time and experience old, bay area cooking from a bygone era before "haute cuisine" when restaurants served unpretentious food that was delicious, hearty and reasonably priced. There is a Type 47 Beer/Wine license. Fully equipped for serving and seating 70 plus customers. Equipment list available includes a 6 burner stove, 6 foot fire-suppression Hood, 4 burner grill, 4 deep fryers, several refrigerators, tv etc. Menu can be expanded and / or changed to suit chef-owner. On-site parking in addition to street parking. This great little neighbor-hood restaurant is perfect for the family operation, or partners that want to continue serving old-time favorites and add their mark on this neighborhood''s food scene. Call today for address / name & more info.... please fill out / sign the NDA link located at the top. Thank you. RRC#: 2755

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1953 | Current Owner: 2010 | Employees: 1 full time (seller''s father) / 2 part time) | Seating: 59 | Square Footage: 1,400 | Parking: 3 designated in lot and street parking | Licenses Required: business / health | Days Open/Hours: 10am to 830pm Monday - Thursday 10am to 930pm Friday / Saturday CLOSED Sundays | Reason For Sale: Retirement.

FINANCIAL INFORMATION:
Yearly Revenues: $276,000 | Yearly Cash Flow: $34,800

LEASE INFORMATION:
Monthly Rent: $2,000 | Lease Expiration: April 2020 | Lease Option: negotiable | Security Deposit: $4,000

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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