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Listed by:

BTI Group

Broker license number: BRE #01160661

Restaurant With Bar In Santa Clara County For Sale

Santa Clara County, California - North
Asking Price:
$419,000 (USD)
Sales Revenue:
$1,353,407 (USD)
Cash Flow:
$127,644 (USD)

This Mediterranean Bar & Grill has a prime location in a major South Bay shopping center. In late 2016 and 2017, the center underwent a huge renovation project and access to the restaurant was restricted by construction and temporary fences. This had a major negative effect on sales with revenue dropping from $1.4MM+ to just over $1MM. The construction is complete now and sales are returning to their former levels – 2018 was up over 2017 by nearly $350,000 and the cash flow more than doubled. The restaurant has a type 47 ABC license and below market rent. The seller is motivated to join his family overseas and has reduced his asking price. (#8621)

Property information

Real Estate:

Lease

Lease Terms:

Option for 10 years

Leasehold Rent:

$11,779 (USD) per annum

Location:

Prominent South Bay Location

Size in square feet:
3,416

Business Operation

Reasons for selling:

Owner wants to move out of the country (back home again).

Trading hours:

Daily 11:00 a.m.-10:00 p.m.

Employees:
7 FT, 15 PT
Years established:
13 years

Other Information

Support & training:

2 weeks / 25 hours a week

Contact Information

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