MS Real Estate is excited to announce the availability of a turnkey, well-established, and profitable New American Cuisine and complete craft cocktail bar in Santa Clara County, California. This restaurant has been in operation for over 8 years, leasing space at a below-market rate of $3.86 per square foot. This business is situated in a high-class, affluent community, surrounded by high-rated commercial and residential buildings, and is easily accessible from 237 and 101. The current owner has invested a significant amount of money in updating the property, making it an excellent opportunity to take over a successful business or convert it into a concept of choice. The menu and concept can remain the same or be adjusted to suit your vision. The restaurant features wine storage racks for wine display, two walk-ins, and several freezers and refrigerators. The current owner has relocated following the COVID-19 pandemic, making it an absentee owner operation, which allows you to take over and make it your own. You want to use the potential to generate over $2.5 million a year. The menu and the name of the business are not included. Principals Only!
Listing Details:
• Square Footage: 3745
• Rent: $14475 | Triple Net: $2882 month | 3% rent increase annually • Lease: 5 Years | Option to renew for five
years available. Landlord approval is required.
• Seats: 125 + 40 = 165 total; Lounge (25), Dining (60), PDR (30), Bar (12), Patio Outside (40)
• License & Permits: ABC, s Type-47, Health permit, Business License
• Equipment: 3-Type-1 hoods (2-12 feet & 1- 6 feet)
• Employees: 20
• Hours: Lunch & Dinner (6 Days)
Revenue: It's an asset sale that includes a Type 47 liquor license.
The Seller has provided all the information in the offering memorandum, but MS Real Estate Inc., the listing broker, has yet to verify it for accuracy or completeness. Therefore, it is the responsibility of both the Sellers and Purchasers to verify the information themselves. MS Real Estate Inc. strongly recommends that you seek the help of legal and financial advisors to help you with this process.
Ad#:2357316
