Business Overview:
Perfect Timing to Get This Amazing Hotel Restaurant & Full Bar, in a Great Downtown Location!
RRC#: 4146
Asking Price: $198,000
Location: Great Downtown Location in Santa Clara County
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Monthly Rent: $6668 + %Rents - Maximum Rent $13k
Expiration: 2023 plus 5 year Option
Listing Description:
The timing couldn't be better to jump on this amazing hotel restaurant/bar opportunity as we climb out of the Pandemic and back to a more normal business and travel life. This business is priced to sell fast, so a new operator can hit the ground running as downtown dining and nightlife return, business travel and conventions resume and brings with it a huge customer base to this hotel and the existing full service restaurant and full bar.
This stunning 8000 square foot Downtown Restaurant is located in a Major Silicon Valley City. Located blocks from other major hotels, convention centers, a well known University and Entertainment Venue. Just a few miles Away from an International Airport!! This restaurant is a beautiful space with comfortable seating for 56 in the Lounge + 76 in the dining room with additional seating for 46 in the outdoor patio, 36 in a private dining room and there is banquet capability to seat 100 in the dinning room, 100 standing in the Lounge and 150 seated in the outdoor patio.
Menu is currently Asian Fusion, but a new operator could bring their own concept also. Included is a Full Type 47 Liquor License and Full Bar. The landlord has been very supportive through the Pandemic, and supported the tenant with rent discounts. There is still time remaining on the current term and there is a 5 year option to extend. Excellent Opportunity for Professional Restaurant Operator with Hotel + Banquet Experience.
Pounce on this opportunity now!
General Information:
Organization: Inc
Year Established: 2012
Employees: 20
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Annual Payroll: Contact For Info
Facilities:
Square Feet: 8,000
Seating: 168
Parking: Parking Garage / Street Parking
Days/Hours of Operation: Daily Breakfast 6:30am - 10am / Dinner 4pm - 10 pm
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Property Features and Assets:
Square Feet: 8,000;
Seating: 168;
Parking: Parking Garage / Street Parking.
Reason for Selling:
Other Interests.
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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