Business For Sale

Two Upscale Steakhouses, increasing cash flow!

Santa Clara, CA
Santa Clara County

Bay Area


Asking Price: Annual Revenue:
$350,000 $2,601,156

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Two Upscale Steakhouses, increasing cash flow! Broker: Michael Floorman
License #: 01160661

Quick Facts

Asking Price: $350,000
Annual Revenue: $2,601,156
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 45
BBN Listing #: 2137931
Broker Reference #: 8618/8619

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Business Overview:

Price reduced: Two elegant steakhouses with increasing cash flow are currently for sale at prime locations in Fremont (5,600 sq. ft.) and Santa Clara (6,200 sq. ft.). Established in 2017 and 2018, both locations offer live music on Thursdays and a “Top Premium Spirits two-for-one night” on Mondays. Large outdoor patios with heaters provide additional seating. The current owner is a hospitality developer (this is his first venture into the restaurant business) and though he has invested $2M in each location has found he is unable to devote sufficient management time to bring them to their full potential. VERY MOTIVATED TO SELL QUICKLY! Will consider early possession. Approximately $1.6MM in bank debt.
Listing # 8618/8619

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Reason for Selling:

Owner wants to focus on other biz.

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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