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Upscale Full Service Eatery W / Full Bar
Location: United States -> California -> Northern California - Bay Area
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Upscale Full Service Eatery w/ Full Bar For Sale in Menlo Park! FULL Liquor License Available...

RRC#: 4016
Asking Price: $175,000
Location: 1010 El Camino Real, Menlo Park
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Monthly Rent: $2595 through 12/21, $5824 (NO NNN!) 2021 through 2024

Listing Description:
The sister space to the wildly popular and successful Cafe Borrone in Menlo Park is for Sale! This stunning space was built in 2014-15 and used limitedly as an upscale market with a full bar, event space and light food prep kitchen. Bring your full service concept to this stunning Italian styled upscale full service eatery with a full bar and small crafted market. No expense was spared on the design and equipment within, with the buildout and equipment cost approaching $1million. Italian marble, Italian tile accents and imported equipment items fill the space.

Although the space emulates an classic Italian market, it includes a Full Bar with interior and patio seating suited for a full service restaurant. As Full Liquor Licenses are hard to find in this area, there is a Type 47 license associated with this location that can be purchased with this location, lease and assets for an additional $65k. In addition to being having a Chef's dream kitchen within, a Mixologist will see the value in the stunning bar and large secluded patio to serve up libations!

The patio space is secluded and private, and boasts large custom planter boxes, rope lighting and five Tungsten Smart Heaters. Guests have enjoyed this patio rain or shine, with bites and cocktails on their tables!

The current lease rate is currently far below market rate, which continues through 2021. The remaining current term and option, that run through 2030, have a low lease rate for the area, have not CPI annual increases and have NO Triple Net Costs!

The fully equipped open kitchen is outstanding! It includes a large Walk-in, 12ft Type-1 H


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other Interests

Photos

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Upscale Full Service Eatery W / Full Bar Photo 1




Print Listing Id: 700365252
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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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