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




Business Summary

Prime Downtown Peninsula Location; $1.1+Million Sales, $115,000 Profit

RRC#: 3224
Asking Price: Offered At $199,500
Location: Santa Clara County
Annual Revenue: $1,132,881
Annual Cash Flow: $115,000
Monthly Rent: $10,516

Listing Description:
Italian restaurant located on a busy downtown street in an affluent peninsula community. This restaurant is located on a corner of a main commercial street, with lots of foot traffic going to nearby retail and food establishments.
The restaurant serves Italian classics and has a strong local following. The downstairs, street-level space seats 60; the upstairs loft seats 16; the outside area seats 12. There is a pizza oven situated near the bar area in the front of the space, and an open kitchen near the back. There is tremendous opportunity for a new owner to leverage the spaciousness and excellent location of the restaurant. Although the restaurant is currently profitable, a more contemporary concept has the potential to be even more successful. The restaurant's open kitchen comes equipped with 20 hood, two 6 burner stoves, fryer, grill, convection oven, three 2 door under counter refrigerators prep station, 1 and 2 compartment prep sinks, ice machine, dishwasher, 2 door reach in refrigerator, slicer, 1 door reach in refrigerator, 1 door reach in freezer, back yard area with a walk in refrigerator and storage, espresso machine, 1 door under counter refrigerator, hand washing sink, wine rack on lobby wall , two bathrooms, and flat screen TV.

General Information:
Organization: Inc
Established: 2005
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $94,406
Monthly Cash Flow: $9,583
Annual Revenue: $1,132,881
Annual Cash Flow: $115,000
Payroll: Contact For Info
Monthly Revenue: $94,406
Monthly Cash Flow: $9,583


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,132,881
Cash Flow:   $115,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2005
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700330407
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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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