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For Sale: Restaurant - Asset Sale - Downtown Los Altos


Current Status: Active     Posting #: 257615     Last Refreshed: 11/14/19    
Contact: Todd Moore At 650-988-1870 , 650-996-4520  -  Also Email This Contact Below
Price:  $295,000     Down:  $295,000     Adjusted Net:  NA     Revenue:  NA    
Business Address:  None Given     City:  Los Altos     Zip:  94022    
Attributes:  Training & Support, Asset Sale     Cooperation With Brokers?  Call
Downtown Los Altos Restaurant - Asset Sale Business For Sale

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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 - Asset Sale
*This is an "asset sale"*

The value is in the build-out, licenses & permits, fixtures & equipment, location, and 18 year lease with rent well below market rate.

The current owner spent just over $1M to build and furnish this restaurant in 2017, using all high end materials, furnishing and equipment. Everything is new and fully compliant with all codes. With the right concept, a new owner can take advantage of huge savings vs. Building from scratch.

This prime location provides the perfect opportunity for the right concept to join the many other highly successful restaurant in this prime downtown area of los altos. Everything you need is already in place. Fully equipped with a 12 foot hood, large grease trap walk-in fridge, and all of the other equipment needed for just about any type of restaurant.

At only $2.54 per square foot, rent savings alone (vs.market rate) is well over $300K over the current term of 8 more years.

Facility size: 3,404 + patio & basement
# seats: 162 inside + 24 outside
Rent-base/mo.: $8,680 per month (only $2.54/ft)
Rent-nnn/month: $1,700 per month (only $.50/ft)
Rent increase: 3.5% per year
Expiration: 9/30/2026 plus 10 years(options)
Renew option: two 5-year options
Special licenses: beer & wine

To get more information about this Restaurant - Asset Sale business for sale in Downtown Los Altos 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 #257615 on BizBen.com. In addition to phoning Todd Moore, make sure you email Todd Moore above to get more info about this Restaurant - Asset Sale, to ask any questions or request an appointment to see this business for sale. Thank you.

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