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Peninsula Fully Remodeled Restaurant
Location: United States -> California -> Northern California - Bay Area -> Santa Clara County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Peninsula Fully Remodeled Restaurant with Full Liquor; $2.7+ Million Sales; $265K+Net Profit

Price Reduced: Offered At $199,000

RRC#: 3528
Location: Santa Clara County
Annual Revenue: $2,724,174
Annual Cash Flow: $265,413
Monthly Rent: $29,740 All Inclusive

Listing Description:
Bustling, popular California gastropub in a busy downtown area on the Peninsula. The space was recently given a $1.4 remodel, including modern decor, hardwood floors, a new sprinkler system, new plumbing, and an HVAC. The inside area seats 120, and the front patio area seats 30. Inside there are 4 large flat screen TVs. This is an excellent venue for watching sports, but it is more than just a sports bar. There are multiple microbrews on tap, in addition to a full liquor license. The food menu includes highly regarded BBQ, but offers options for all palates. The restaurant is open for lunch and dinner 7 days a week. The location was formerly a brewery, and it still has the capacity to function as such. It still has beer brewing tanks and a kettle in place, and could be fully functional as a brewery again with a few minor repairs. There is a long term lease in place which runs through 2027, and has two five year options. The name is not included in the sale. The kitchen has a smoker area with a large southern pride smoker which was purchase 4 years ago. There is a 3′ type 1 hood above it. The front line is equipped with a 2 door refrigerator, 4′ grill, 2 fryers, 6 burner stove with two ovens, flat top grill and has a 12′ type 1 hood above. There is also a 6 drawer refrigerator drawer prep station, steam table, under counter warmer drawers and a bakers pride pizza oven. There is a kitchen prep area as well with a large walk in refrigerator, dishwasher area and food prep tables. There is also an upstairs office area and storage. A two door freezer and ice machine are located upstairs. Also a break room for the employees with lockers are located here.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $2,724,174
Cash Flow:   $265,413
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2014
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700341969
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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