Authentic South Indian Vegetarian Restaurant, Amazing LocationListing: #SV00046
About this Business for sale in Greater San Francisco Bay AreaAuthentic South Indian Vegetarian Restaurant, Amazing Location
This authentic south Indian vegetarian restaurant is in the heart of busy business and residential area, close to hi tech companies. The owner has invested about $264K in tenant improvements. Located in a city well-known for its prosperous technology companies. Revenue trending up in 2019. Projected to do over $800K sales this year. The new owner could continue running the current concept or convert it to a new concept.
Established staff in place with 7 full-time employees and 1 casual employee. Rent is $7393 per months NNN including CAM + utilities. Long term lease 7 years + 7 year option.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.