Upscale Full Service Eatery W / Full Bar

Listing ID: 700365252

Listing Title: Upscale Full Service Eatery W / Full Bar

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Northern California - Bay Area


Asking Price Range: < $250K

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 2015

Number of Employees: 4 - 5

Business Description:
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

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