Bar & Grill -- Long Lease

Not Disclosed, CA
Santa Clara County

Santa Clara County

Asking Price: Annual Revenue:
$389,000 $1,353,407

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Bar & Grill -- Long Lease Broker: Michael Floorman
License #: BRE #01160661

Quick Facts

Asking Price: $389,000
Annual Revenue: $1,353,407
Net Profit: $127,644
Cash Flow: $127,644
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 22
BBN Listing #: 4484931
Broker Reference #: 8621

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Business Overview:

This Mediterranean Bar & Grill has a prime location in a major South Bay shopping center. In late 2016 and 2017, the center underwent a huge renovation project and access to the restaurant was restricted by construction and temporary fences. This had a major negative effect on sales with revenue dropping from $1.4MM+ to just over $1MM. The construction is complete now and sales are returning to their former levels – 2018 was up over 2017 by nearly $350,000 and the cash flow more than doubled. The restaurant has a type 47 ABC license and below-market rent. The seller is motivated to join his family overseas and has reduced his asking price. (#8621)

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Reason for Selling:

Owner wants to go back to home country.

Additional Details:

  • The property is leased.
  • The owner is 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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