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Freestanding Restaurant/bar Great Location

Santa Clara, California : Restaurants
Listing #3011

Freestanding Restaurant/bar Great Location + Outdoor Seating $1.6+ Million Sales $216,000 Profit RRC#: 3011 Asking Price: $495,000 Location: Santa Clara County, Santa Clara County, California Yearly Revenue: $1,693,620 Yearly Cash Flow: $216,720 Monthly Rent: $18,859 LISTING DESCRIPTION: Large, elegant restaurant that regularly hosts live music and private events such as rehearsal dinners and large parties. This free-standing restaurant is located in the South Bay Area of Silicon Valley, close to the new Apple campus. It features a front dining room that seats 42, a bar/lounge area that seats 40, and a main dining area that seats 125. The outside garden area seats 35. The restaurant is situated on approximately 1 acre of land, and has its own parking lot that can accommodate ~70 cars. Currently, the restaurant serves a buffet lunch Monday-Friday, and serves dinner 7 nights a week. The space can accommodate restaurant customers and private parties simultaneously. Can accommodate seating up to 250 for private events. There is also a catering component to the business. It has a type 47 full liquor license. The bar/lounge area has 2 flat screen televisions. The restaurant has a large kitchen, and includes the following equipment: espresso machine, tap system for 6 beers, fountain soda at bar, ice machine, dishwasher, 3-compartment sink, water softener, fryer, Hobart mixer, dry storage area, wine closet for red wine, walk-in refrigerator for white wine and champagne, office area, walk-in refrigerator with walk-in freezer, tandoori oven, 2-door under-counter refrigerator prep station, one 6'' grill and one 4'' grill, 20'' hood, 10 burner stove, 2 ovens. GENERAL INFORMATION: Organization: Not Available | Year Established: 2007 | Current Owner: 2007 | Seating: 165 Indoor 35 Outdoor | Square Footage: Building 5900, Lot 50,000 | Parking: Parking Lot | Licenses Required: ABC Type 47, Health and Business | Days Open/Hours: 11:30am - 9:30pm Sunday- Thursday 11:30am-11:30pm Friday/Saturday | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $1,693,620 | Yearly Cash Flow: $216,720 | LEASE INFORMATION: Monthly Rent: $18,859 | Lease Expiration: 2022 | Lease Option: 2 five year options | Security Deposit: 13,500 |

Asking Price:

$495,000

Gross Income:

$1,693,620

(last 12 months)
Cash Flow:

$216,720

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Freestanding Restaurant/bar Great Location + Outdoor Seating $1.6+ Million Sales $216,000 Profit

RRC#: 3011
Asking Price: $495,000
Location: Santa Clara County, Santa Clara County, California
Yearly Revenue: $1,693,620
Yearly Cash Flow: $216,720
Monthly Rent: $18,859

LISTING DESCRIPTION:
Large, elegant restaurant that regularly hosts live music and private events such as rehearsal dinners and large parties. This free-standing restaurant is located in the South Bay Area of Silicon Valley, close to the new Apple campus. It features a front dining room that seats 42, a bar/lounge area that seats 40, and a main dining area that seats 125. The outside garden area seats 35. The restaurant is situated on approximately 1 acre of land, and has its own parking lot that can accommodate ~70 cars. Currently, the restaurant serves a buffet lunch Monday-Friday, and serves dinner 7 nights a week. The space can accommodate restaurant customers and private parties simultaneously. Can accommodate seating up to 250 for private events. There is also a catering component to the business. It has a type 47 full liquor license. The bar/lounge area has 2 flat screen televisions. The restaurant has a large kitchen, and includes the following equipment: espresso machine, tap system for 6 beers, fountain soda at bar, ice machine, dishwasher, 3-compartment sink, water softener, fryer, Hobart mixer, dry storage area, wine closet for red wine, walk-in refrigerator for white wine and champagne, office area, walk-in refrigerator with walk-in freezer, tandoori oven, 2-door under-counter refrigerator prep station, one 6'' grill and one 4'' grill, 20'' hood, 10 burner stove, 2 ovens.

GENERAL INFORMATION:
Organization: Not Available | Year Established: 2007 | Current Owner: 2007 | Seating: 165 Indoor 35 Outdoor | Square Footage: Building 5900, Lot 50,000 | Parking: Parking Lot | Licenses Required: ABC Type 47, Health and Business | Days Open/Hours: 11:30am - 9:30pm Sunday- Thursday 11:30am-11:30pm Friday/Saturday | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,693,620 | Yearly Cash Flow: $216,720 |

LEASE INFORMATION:
Monthly Rent: $18,859 | Lease Expiration: 2022 | Lease Option: 2 five year options | Security Deposit: 13,500 |


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