$1,900,000.00
Asking Price
Status: In Contract
Posting ID: 253164
7/16/24
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: 18 years.
Annual revenue: $4,300,000
Annual net profit: $500,000 plus.
Square footage: 6500.
Rent: $17,500 including NNN.
Lease term: 8 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 - 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: $1,900,000.00
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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