Freestanding Remodeled Restaurant/bar, $2.7M Sales

Not Disclosed, CA
Santa Clara County

Asking Price: Annual Revenue:
$1,495,000 $2,707,009

Food & Beverage: Bars, Clubs, Nightspots

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RE: Freestanding Remodeled Restaurant/bar, $2.7M Sales Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $1,495,000
Annual Revenue: $2,707,009
Net Profit: Not Disclosed
Cash Flow: $600,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1996
Employees: Not Disclosed
BBN Listing #: 161711533
Broker Reference #: 3609

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Business Overview:

Freestanding Remodeled Restaurant/bar, $2.7+ Million Sales, $600,000 Profit, Sba Loan Pre-approved RRC#: 3609

Asking Price: Offered At $1,495,000;
Location: Santa Clara County;
Annual Revenue: $2,707,009.00;
Annual Cash Flow: $600,000;
Monthly Rent: $16,537 + NNN;

Listing Description:
This business has been pre-approved for an SBA Loan. With 10% cash down ($150,000) to 20% cash down ($300,000) the bank will fiance the balance for 10 years. This freestanding restaurant is located in a high end demographic area in a shopping center on a major thoroughfare and has strong visibility and easy access. It has been in business for almost 25 years and has had a consistent history of strong sales and profits. The restaurant has an open airy feeling with high ceilings, tile floors, a display kitchen, a separate bar area with long bar and outdoor seating area. There are several dining areas that have tables and chairs and booth seating and parts of the dining room can be used for private banquets. There is a full kitchen, prep area, dish washing area, several storage areas, 2 ADA restrooms and an employee restroom and office area. Some of the equipment includes as follows: 20' type 1 hood with fire suppression system, char grill, 2 sets of 10 burners over ovens, fryers, 2 compartment sink, dish washing sink + rinse hose, 2 portable burners, floor model mixer, security system, POS system, walk-in freezer, 2 refrigerator walk-ins, microwave, espresso machine, flat screen TV’s, ice machine, freestanding oven and 4 refrigerated prep tables, etc. This is a wonderful opportunity for an owner operator who wants to continue this well known very successful operation.

General Information:
Established: Almost 25 years
Current Owner:
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $225,584
Monthly Cash Flow: $50,000
Annual Revenue: $2,707,009.00
Annual Cash Flow: $600,000
Payroll: Contact For Info

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Property Features and Assets:

Parking: Large parking lot; Seats: 140 inside, 30 outside; Licenses Required: Business, ABC Type 47 (Full liquor).

Reason for Selling:

Other Interests.

Additional Details:

  • The property is leased.
  • The owner is not 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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