Stunning South Bay Restaurant and Cocktail Bar

Not Disclosed, CA
Santa Clara County

Busy Shopping Area

Asking Price: Annual Revenue:
$250,000 $2,021,878

Food & Beverage: Miscellaneous

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RE: Stunning South Bay Restaurant and Cocktail Bar Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $250,000
Annual Revenue: $2,021,878
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2021
Employees: Not Disclosed
BBN Listing #: 569011533
Broker Reference #: 4101

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Business Overview:

Stunning South Bay Restaurant and Cocktail Bar with Outdoor Patios; $2.5+ Million Revenue

RRC#: 4101
Asking Price: $250,000
Location: Santa Clara County
Annual Revenue: $2,021,878
Annual Cash Flow: Contact For Info
Monthly Rent: $37,126 + $5,542 (NNN)
Expiration: 2025

Listing Description:
Elevated Mexican concept in the South Bay featuring an elegant, modern, build-out - no costs were spared in the design and completion of this gorgeous restaurant. It is located in an upscale part of Santa Clara County, within a busy shopping area. The restaurant features a large main dining room with an adjacent bar, two private dining areas, two outdoor patios, and a very large kitchen. The total square footage is 7,648, and the restaurant capacity is 400 and they seat 250+ inside and the outdoor currently has a tent in the parking area with 70 seats and two additional patios with another 100 seats. The kitchen which has two large type 1 hoods is well set-up to accommodate dine-in and catering/delivery/pick-up business simultaneously. The restaurant holds a Type 47 liquor license and has full bar service. The space also holds an entertainment license and currently play live music until 12am on Friday - Sunday.

The elevated Mexican concept is relatively new, and has been successful thus far. A new owner could continue to grow this concept – the owners will provide the training necessary for a smooth transition – or bring their own concept to this turnkey restaurant space.

The kitchen is equipped with two large type 1 hoods back to back for two separate hot lines, which include, large stove with ovens, flat top grill, charbroil grill, salamander, , fryers, double stack convection oven double stack pizza oven, large walk in fridge and freezer, soup station, steam table, reach in refrigerators and prep stations and much much more, a full equipment list is available upon request.

The current lease is through 2025 and has increases every other year. The current rent is $37,126 which is $4.85 per square feet. There are additional NNN and cam charges of $5,542 bringing the total occupancy costs to$42,668. The option period which starts in 2026 brings the rent rate back down $35,824 resetting the base rent again with biennial increases. The landlord may negotiate with a buyer but its unknown and dependent on the strength of the buyer and their concept.

The sales below are on an annualized basis and based on the $1,949,418 that the current concept has done in the 9 months of operation.

General Information:
Organization: LLC
Year Established: 2021
Current Owner: 2015
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $216,602
Monthly Cash Flow: Contact For Info
Annual Revenue: $2,021,878
Annual Cash Flow: Contact For Info
Payroll: Contact For Info

Square Feet: 7,648
Seating: Indoor 250 Outdoor 170
Parking: Parking Lot
Days/Hours of Operation: 11:30am - 9pm Sunday - Thursday; 11:30am - 10pm Friday - Saturday

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 7,648 Seating: Indoor 250 Outdoor 170 Parking: Parking 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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