Popular Restaurant On California Ave In Palo Alto

Palo Alto, CA
Santa Clara County

Asking Price: Annual Revenue:
$325,000 $1,062,136

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Restaurant On California Ave In Palo Alto Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $325,000
Annual Revenue: $1,062,136
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1994
Employees: Not Disclosed
BBN Listing #: 319011533
Broker Reference #: 3715

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Business Overview:

Popular Restaurant On California Ave In Palo Alto; 1 Million + Sales And 157,000 Profit

RRC#: 3715
Asking Price: Offered At $325,000
Location: Palo Alto, CA
Annual Revenue: $1,062,136
Annual Cash Flow: $157,692
Monthly Rent: $9,400 All Inclusive

Listing Description:
Popular lunch/brunch and dinner bistro on California Avenue, one of the busiest thoroughfares in Palo Alto. The restaurant sits next to retail and other restaurants, and is surrounded by business and high-income residences which provide a solid lunch and dinner business throughout the week. The area enjoys a significant amount of pedestrian and car traffic.

The current concept is French-Californian, but the space and the neighborhood are well suited to a range of potential alternatives. The inside seats 100, and there is outside seating that can accommodate another 20.

The restaurant is equipped with an 8' type 1 hood, fryer, 6 burner stove with oven, a grill with oven, salamander, 3 door under-counter refrigerator with prep, walk in refrigerator, 2 door reach in, 1 door freezer, ice machine, 3 compartment sink and a dishwasher. There are two restrooms and a wine storage area.

General Information:
Organization: Inc
Established: 1994
Current Owner: 2017
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $88,511
Monthly Cash Flow: $13,141
Annual Revenue: $1,062,136
Annual Cash Flow: $157,692
Payroll: Contact For Info

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Property Features and Assets:

Parking: Street and Parking Lot Hours: 11am - 3pm / 5pm - 9:30pm Daily Seating: 100 Inside and 20 Outside Square Feet: 1,380

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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