Restaurant Or Cafe Space; California Ave Palo Alto

Palo Alto, CA
Santa Clara County

California Avenue

Asking Price: Annual Revenue:
$199,900 $774,501

Food & Beverage: Coffee, Cafe, Dessert

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RE: Restaurant Or Cafe Space; California Ave Palo Alto Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $199,900
Annual Revenue: $774,501
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 723011533
Broker Reference #: 3722

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Business Overview:

Restaurant Or Cafe Space; California Avenue Palo Alto; Great Lease

RRC#: 3722
Asking Price: Offered At $199,900
Location: Palo Alto
Annual Revenue: $774,501
Annual Cash Flow: Contact For Info
Monthly Rent: $6,750

Listing Description:
Newly remodeled space on California Avenue in Palo Alto, which is one of the busiest commercial/residential streets on the Peninsula. The location is adjacent to restaurants and shops, and is surrounded by a high-income residential area. There is foot traffic and car traffic on California Avenue throughout the day seven days a week, and on Sundays, the street is home to a farmers’ market which brings additional visitors to the area.

The current owners invested close to one million dollars in the recent renovation. The space is modern, sleek, and ready for your concept.

The current lease runs through February 2028, and comes with two 5-year options. The current rent is $6,750/month, which is well under market value. This presents an excellent opportunity for the right owner/operator with the right concept to capitalize on the excellent location and favorable lease terms.

The current build out was for a juice bar and cafe and has a glass door walk-in refrigerator on the front line, stainless steel counter-tops. There is another walk-in refrigerator in the back of house, an ada restroom and loft area for storage.

General Information:
Organization: LLC
Established: 2018
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $64,541
Annual Revenue: $774,501
Cash Flow: Contact For Info
Payroll: Contact For Info

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Property Features and Assets:

Square Feet: 1,500; Parking: Non Metered Street Parking and Public Lot.

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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