Peninsula Fully Remodeled Restaurant

Not Disclosed, CA
Santa Clara County

Asking Price: Annual Revenue:
$199,000 $2,724,174

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Peninsula Fully Remodeled Restaurant Broker: Seller of Business

Quick Facts

Asking Price: $199,000
Annual Revenue: $2,724,174
Net Profit: Not Disclosed
Cash Flow: $265,413
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 357411533
Broker Reference #: 3528

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Business Overview:

Peninsula Fully Remodeled Restaurant with Full Liquor; $2.7+ Million Sales; $265K+Net Profit

Price Reduced: Offered At $199,000

RRC#: 3528
Location: Santa Clara County
Annual Revenue: $2,724,174
Annual Cash Flow: $265,413
Monthly Rent: $29,740 All Inclusive

Listing Description:
Bustling, popular California gastropub in busy downtown Palo Alto. The space was recently given a $1.4 remodel, including modern decor, hardwood floors, a new sprinkler system, new plumbing, and an HVAC. The inside area seats 120, and the front patio area seats 30. Inside there are 4 large flat screen TVs. This is an excellent venue for watching sports, but it is more than just a sports bar. There are multiple microbrews on tap, in addition to a full liquor license. The food menu includes highly regarded BBQ, but offers options for all palates. The restaurant is open for lunch and dinner 7 days a week. The location was formerly a brewery, and it still has the capacity to function as such. It still has beer brewing tanks and a kettle in place, and could be fully functional as a brewery again with a few minor repairs. There is a long term lease in place which runs through 2027, and has two five year options. The name is not included in the sale.The kitchen has a smoker area with a large southern pride smoker which was purchase 4 years ago. There is a 3' type 1 hood above it. The front line is equipped with a 2 door refrigerator, 4' grill, 2 fryers, 6 burner stove with two ovens, flat top grill and has a 12' type 1 hood above. There is also a 6 drawer refrigerator drawer prep station, steam table, under counter warmer drawers and a bakers pride pizza oven. There is a kitchen prep area as well with a large walk in refrigerator, dishwasher area and food prep tables. There is also an upstairs office area and storage. A two door freezer and ice machine are located upstairs. Also a break room for the employees with lockers are located here.

General Information:
Organization: Inc
Established: 2015
Current Owner: Contact For Info
Employees: call
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $227,014
Monthly Cash Flow: $22,117
Annual Revenue: $2,724,174
Annual Cash Flow: $265,413
Payroll: Contact For Info

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Additional Details:

  • The property is owned.
  • 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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