Price reduced: Steakhouses at prime locations!

Santa Clara County, CA

Price reduced: Steakhouses at prime locations!
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $2,032,650

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $122,550,000 /Month

Established: 2017

Price reduced: Steakhouses at prime locations!

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Business Description

Emergency Asset sale: Owner had to close the doors of the Fremont location. Any offer will be considered!

Two elegant steakhouses with increasing cash flow are currently for sale at prime locations in Fremont (5,600 sq. ft.) and Santa Clara (6,200 sq. ft.). Established in 2017 and 2018, both locations offer live music on Thursdays and a “Top Premium Spirits two-for-one night” on Mondays. Large outdoor patios with heaters provide additional seating. The current owner is a hospitality developer (this is his first venture into the restaurant business) and though he has invested $2M in each location has found he is unable to devote sufficient management time to bring them to their full potential. VERY MOTIVATED, MUST SELL QUICKLY! Will consider early possession. Approximately $1.6MM in bank debt. Listing # 8618/8619

Detailed Information

Location:
Santa Clara County, CA
Real Estate:
Leased
Building SF:
5,700
Lease Expiration:
N/A
Support & Training:
1 Weeks, 30 Hours Per Week
Reason for Selling:
Focus on other Businesses.
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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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