Downtown Peninsula Restaurant / Bar
Location:
United States
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California
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Northern California - Bay Area
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This elegant French restaurant for sale is on a premium downtown street in an affluent Peninsula city. It has excellent curb appeal, plenty of parking and is well known in the community. The restaurant has 5,822 square feet with an elegant main dining hall, a banquet room with full bar, and several private rooms. A hard liquor license is in place. The rent is very reasonable and the landlord will write a new lease with similar terms for qualified tenant. This restaurant would benefit from an active owner-manager interested in keeping the current concept, changing to other cuisines or even changing to a lounge or club. The current owner is motivated to retire after 22 years' ownership. Asking $240,000.
Financials
Asking Price Range: < $250K
Gross Revenues:
$438,913
Cash Flow:
$6,324
Cash Flow Type: Sellers Discretionary Cash
Inventory: $15,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1986
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 1 week.
Reason For Selling: Retirement after 20+ years.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70098682
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