$1,495,000.00
Asking Price
Status: Active
Posting ID: 253164
1/12/24
Description
This is an SBA approved, semi-absentee owned, well-established, turnkey and high-profit upscale restaurant and bar in a unique location are for sale. The restaurant was established in 2006, seller will provide clean books, verifiable financials, and provable cash flow.
A family-owned, neighborhood restaurant that has a menu of favorites, an ever-changing list of daily specials, a full bar, and very friendly staff. The restaurant is perfect for those who are looking for delicious lunches, dinners, or event accommodations. The banquet facility is large enough to host parties, receptions, and business meetings. Banquet/private room, bar dining, full bar/lounge, dancing, entertainment, happy hour, late night, patio/outdoor dining, personal wines welcome
(corkage fee applies), private room, takeout, weekend brunch, wheelchair access, wine, and wine bar.
2022 net profit $532,000
Years in business: 16 years.
Annual revenue: $4,300,000
Annual net profit: $500,000 plus.
Square footage: 6500.
Rent: $17,500 including NNN.
Lease term: 5 years. The seller will have the landlord extend for an additional 5 years.
Number of employees: 40
2 full-time managers, 10 full-time, and 28 part-time employees.
Seller to carry the loan for qualified buyers with $500,000 down payment, and restaurant & bar experience.
To get more information about this Restaurant And Bar - Semi Absentee Run business for sale in Santa Clara County please phone Edmond Evan (Intermediary, Agent - BRE License #:01504991) at 408-921-3590 Cell and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #253164 on BizBen.com. In addition to phoning Edmond Evan, make sure you email Edmond Evan above to get more info about this Restaurant And Bar - Semi Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you.
Contact
Details
Asking Price: $1,495,000.00
Down: Call/Email
Cash Flow: $530,000.00
Revenue: $4,500,000.00
Area: Santa Clara County
City: None Given
Attributes:
My Notes About This Listing
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
ServingNationwide - All Areas
I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
ServingNationwide - All Areas
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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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.
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