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For Sale: Restaurant With Full Bar - Clean Books - Campbell, Santa Clara County

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Current Status: Active     Posting #: 253276     Last Refreshed: 5/16/19     BRE License #: 01183017    
Contact: Todd Moore At 650-988-1870 , 650-996-4520  -  Also Email This Contact Below
Price:  $1,250,000     Down:  $300,000     Adjusted Net:  $571,331     Revenue:  $1,878,102    
Business Address:  None Given     City:  Campbell     Zip:  95008    
Attributes:  Training & Support, Owner Financing     Cooperation With Brokers?  Call

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For Best Results & Response, Email & Phone This Contact: Todd Moore at 650-988-1870 and 650-996-4520.

  Description About This Posting: Restaurant With Full Bar - Clean Books
Highlights
**buyer must have upscale restaurant experience to qualify for financing and the lease**

This restaurant with full bar is an a+ in nearly all aspects: dinner only! Prime location in a highly desirable area. 12 year lease at half of market rate (only $2.25/ft.). Beautiful build-out with open kitchen, front patio, and an upscale yet casual atmosphere. An upscale menu with reasonable prices, produced by a fully staffed kitchen including a professional chef. Extremely well run with a huge profit margin due to the short hours, high sales, low food cost (25%!) and very low rent. Financial records, including tax returns, are pure and clean showing the actual profit. No "off the books" or cash employees. What more can you ask for?

Products / Services / Customers
California cuisine. Sales are approximately 70% food, 10% liquor, 20% beer & wine. Most customers are local and many are regulars because of the high level of quality at reasonable prices.

Marketing
Virtually none! They spent a total of $1,000 over the last 3 years. The marketing opportunities are endless.

Competitive Advantage
The perfect mix of location, quality of food and drinks, atmosphere, and price keep this business as one of the most popular in the area. Many nice new restaurants have opened in the area over the past years with virtually no affect on the business.

Potential
As great as the business is performing, there is also a lot of potential given the limited hours of operation and virtually no advertising that has been done. Additional sales and profits can be achieved by: opening 4 days for lunch, and weekend brunch should be very popular. Or grow the business within the current hours by actually advertising: market to the 4,500 email list that has never been used, or promote the business in any of the many traditional ways other restaurant effectively use to increase business.

Seller's Role In Operation
There are 3 owners, yet only 2 of them work at the business and both of them can be replaced by a single full-time owner with just an additional assistant manager at most. One owner manages the front, the other manages the kitchen, but the kitchen is fully staffed with a highly trained chef who also creates the menu.

Required Buyer Skills
Experience in management of a higher end restaurant is important to understand how to maintain the restaurant at the current level of success. Customers who come here expect a certain level of professionalism and a new owner should know how to interact with them and make them feel 'at home'. This is definitely not stuffy fine dining, but its no coffee shop diner either.

Owners hours: 1 @ 35 hrs & 1 @ 25 hrs per week
Employees: 7 full time & 12 part time
Licenses: 47 liquor license, health permit

Seats: 63 in + patio
Facility size: 1,800 sq ft + patio
Rent - base: $4,040 per month total!
Rent - NNN: none!
Rent increase: CPI / cost of living - each year
Expiration: May 31, 2021
Renew option: two 5-year options

To get more information about this Restaurant With Full Bar - Clean Books business for sale in Campbell, Santa Clara County please phone Todd Moore (Broker - BRE License #:01183017) at 650-988-1870 and 650-996-4520 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #253276 on BizBen.com. In addition to phoning Todd Moore, make sure you email Todd Moore above to get more info about this Restaurant With Full Bar - Clean Books, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


  Helpful Resources To Assist In Selling And Buying California Businesses

Cheryl Maloney: Restaurant Broker Specialist - San Francisco

Cheryl is a business owner herself, Over 20 years bar/restaurant experience, and a law degree she's well-versed in real estate rules, regulations and best practices. She works tirelessly to create successful strategies and effective negotiations for those wishing to sell or purchase their business.

AJ Rana - Business Broker, San Francisco Bay Area

Professionals who understand the importance of world class business brokerage service and the value it can create. Specializing in assisting sellers and buyers with retail stores, restaurants, hospitality & lodging, manufacturing operations, distribution companies, e-commerce and service businesses.

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Jim Saxton, Liquor License Broker & Consultant - SF Bay Area

With over 20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, and ABC District Offices, my company Liquor Licenses of San Francisco Bay Area is very qualified to resolve all of your concerns during the liquor license transfer process.

Mike Brewer: Liquor License Brokers, ABC Consulting Services

Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.

Elizabeth McGovern: Escrow Services - SF Bay Area

McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews

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Liquor License Assistance - SF Bay Area - Jim Saxton

Jim Saxton - 20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, ABC District Offices, my company Liquor Licenses of SF Bay Area is very qualified to resolve all of your concerns during the liquor license transfer process. 925-787-0770.

Buying A Restaurant Can Be Challenging: 3 Key Tips For Restaurant Buyers

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Don't Buy A Restaurant Without Checking The Competition - Key Buying Tips

Looking to buy a restaurant business? Check out these tips first to avoid getting blindsided when you buy any type of small or mid-sized California restaurant. Peter Siegel, MBA (BizBen's ProBuy & ProSell Programs & Restaurant Purchase Financing Expert) at 866-270-6278 covers this topic for buyers.

FREE Webinar: Buying Or Selling San Francisco Restaurants - Best Practices

This informative 40 minute interview/webinar about buying & selling restaurants in San Francisco with restaurant broker specialist Cheryl Maloney is a real eye opener for restaurant buyers and sellers. Cheryl gives great advice to both buyers and sellers from her years of experience in the industry.

Specialty Restaurant Broker Discusses Liquor Licenses & Working With The ABC

What you will read in this BizBen blog post you will probably not find in any manual or set of instructions provided by the ABC (liquor licenses in California). This blog post by Jeff Back (SF Bay Area Restaurant Broker Specialist) at 925-736-8200 discusses this topic of liquor licenses in detail.

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