fremont restaurant for sale
Are you looking for a restaurant space in the beautiful town of Fremont? Do you want low rent and a perfect small restaurant for sit-down and take-out? Do you want a small outside patio to enjoy the long outside dining experience we have in the Bay Area?
If so, we are proudly present this famous historic restaurant location for your pleasure. The restaurant is across the street from the recreation train station and antique stores in the area bring in lots of foot traffic and tourist during the weekend and holidays.
The affordable rent is what most buyers want these days. The landlord will issue 7 years new lease for qualify potential buyer. And with a rent of only $1,260 for first two years then increase 3% for each year how can you go wrong! You can make money on only $15,000 a month of gross sales on this rent factor and the owner has stated to the broker the monthly gross sales are over $26,000!
The restaurant is approximately 1100sq/ft plus over 300sq/ft patio with a bar. Fully equipped kitchen includes hood, walk-in cooler and storage room.
Five years ago, business owner spent over $250,000 to restore this restaurant back to one of the scenes in a Classic Movie, giving it charm and nostalgia. Currently, they are serving highest quality ingredients and wines and have earned excellent reviews from most of the customers.
This restaurant is absentee operated - the owner doesn't work at the restaurant, making is a perfect husband wife situation.
DEMOGRAPHICS
Demographics of Fremont City:
• Population: 209,000
• Number of Households: 68,000
• Average Household Income: $122,000
• Education: 49% of residents have Bachelors, Graduate, or Professional degrees
• Estimated Annual Household Spending Potential: $2.7 billion
No comments:
Post a Comment