High NET profit and low price

This restaurant sounds like it has a lot of potential! Currently they serve Pizza and pasta and other delicious Italian food It is a pizza and pasta restaurant, It’s located in a high-traffic area of a prestigious Contra Costa County city. With an indoor seating capacity of 49 and a smaller outdoor area for four, it provides a cozy atmosphere and is ideal for creating an intimate dining experience.
Here are some key points to consider based on the details you shared:
Space and Layout: At 1,400 sq ft, it's a mid-sized restaurant, which seems manageable for staff and operations.
Rent and Lease: The $6,200 monthly rent, including NNN. The lease term until 2026 with a 5-year option.
Sales and Profitability: Seller claims the annual gross revenue at $636,000/ and a net of $144,000, the restaurant has a profit margin of about 22.6%. This is decent, though there could be room to improve margins.
Beer and Wine License: This is a valuable asset for a restaurant, as it often enhances customer experience and revenue potential, especially in a cozy, upscale setting.
This seems like a solid opportunity for the right buyer. For more information Call Agent Nima Sadati