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Business for Sale Overview:

Restaurant/bar With $1.7 Million Invested Doing $1.6 Million Sales With $150K Down In Growth Area, RRC#:1163 Location: On Busy Street, Santa Clara County, California Offered at: $450,000 Listing Description --PRICE REDUCTION - This beautiful restaurant, bar and lounge is in an area that is in the process of being further developed with hundreds of new apartments and lots of new retail development underway. This business has an attractive warm inviting dining room, display kitchen and comfortably appointed cocktail lounge with high ceilings, concrete floors, marble counter tops and a combination of booth seating, banquette seating and tables and chairs. There was approximately $1.7 million invested in building out this space. Some of the equipment includes as follows: 2 door under counter refrigerator, 6 ice bins, an Aloha POS system with 6 monitors and 8 printers, 3 hand sinks, 2 sided 15' type 1 hood with fire suppression systems, 2 convection ovens, 2 -1 door under counter freezers, 2 - 6 burner units over ovens, 2 - 3' French top grills over ovens, 4 - 2 door under counter refrigerators, double basket fryer, counter mixer, 3 compartment sink, ice machine, 2 stock pot burners, mop sink, walk-in refrigerator, refrigerated beer cooler, 2 - 4 glass door under counter refrigerators, 2 - 3' ice bins, under counter dishwasher, 2 group espresso machine, 4 taps and a 50" plasma TV, etc. There are also two beautifully designed restrooms, a liquor storage room and an office and storage area.

Property Features and Assets:

General Information -- Organization: LLC Year Established: Contact For Info Current Owner: Contact For Info # of Employees: Contact For Info Seating: 75 in restaurant and 35 in bar/lounge Square Foot/Size: 3,500 + 1000 office/storage area Parking: Street and parking lot Lic. Required: Business, ABC Type 47 (Hard Liquor) Days Open/Hours: Contact For Info Reason For Sale: Other interests Financial Information --Revenue: $133,000 / month Cash Flow: Contact For Info Current Inventory: Contact For Info Payroll: Contact For Info Lease Information --Lease Rent: $11,175 all inclusive Lease Expiration: 15 years Yearly Adjustment: 4% Lease Option: 2 Five Year Options Security Deposit: Not Available Financing Information --Down Payment: 150,000 All Cash: Contact For Info Note Balance: 300,000 Rate/Term of Note: Contact For Info

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.