Restaurant/bar In Popular Shopping Center $1.4 Million Sales

Santa Clara, CA (Santa Clara County)

Restaurant/bar In Popular Shopping Center $1.4 Million Sales

Asking Price:$650,000

Cash Flow:$232,404

Gross Revenue:$1,473,576

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Restaurant/bar In Popular Shopping Center $1.4 Million Sales

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Business Description

Restaurant/bar In Popular Shopping Center $1.4 Million Sales

Restaurant/bar In Popular Shopping Center $1.4 Million Sales $232,000 Profit Long Term Lease

RRC#: 2476
Asking Price: $650,000
Location: Santa Clara County, Santa Clara County, California
Yearly Revenue: $1,473,576
Yearly Cash Flow: $232,404
Monthly Rent: 10,760 + $3893 NNN

LISTING DESCRIPTION:
This South Bay restaurant specializes in Mediterranean food and is located in prime shopping center in Santa Clara County. It has a separate bar, banquet room and an outside 800 sq foot patio. Sales last year were $1.3 million and they are on track to $1,470,000 this year. There are seventeen years left on the lease with below market rent. THE BUSINESS HAS BEEN SBA PRE- APPROVED.. Some of the equipment includes as follows: type 1 hood with fire suppression system, 3' grill, 4' grill, 2 flat grill, 2' under counter freezer, full door freezer, double basket fryer, over with 6 burners, 2' flat iron grill, convection oven, 5 food warmer, 5' cooler, 2 under counter refrigerators + sandwich station, 3 compartment steam table and food warmer, ice maker, POS system, keg cooler with 8 taps, 5' bottle cooler, 4' bottle cooler, 3 compartment sink, hand sink, , 2 - 46" LED TV's, walk-in cooler and freezer combo unit and 3 compartment sink, etc. NO BROKER COOP.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2006 | Current Owner: 2006 | Seating: 150 | Square Footage: 3,416 + 800 sq ft patio | Parking: Ample | Licenses Required: ABC Type 47 (hard liquor), Business | Days Open/Hours: Daily 11:00 a.m.-10:00 p.m. | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,473,576 | Yearly Cash Flow: $232,404 |

LEASE INFORMATION:
Monthly Rent: 10,760 + $3893 NNN | Lease Expiration: 5/31/22 | Yearly Adjustment: 3% fixed | Lease Option: (1) 10 yr | Security Deposit: 7,700 |

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Steven D . Zimmerman CBB, CBI

Business Listed By:
Steven D . Zimmerman CBB, CBI

Restaurant Realty Company

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Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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