Profitable Italian-American restaurant in the heart of Silicon Valley, located in the downtown area of a South Bay Area city. The business is well-established in the area, but moved to a brand-new location with all new equipment and a new build out 3 years ago. The future next owner will find a turn-key operation with $1.3 million in sales in 2017. The restaurant has a Type 47 full liquor license, and about 22% of its sales come from alcohol. The bar area has a 6 tap beer system, beer keg cooler and two beverage coolers as well as a espresso machine and flat screen TV. The interior furnishings are on trend, featuring a blend of historic and contemporary features. The dining and bar areas seat 80, and the outdoor space seats up to 30. The chef's kitchen is large, and there is plenty of room for storage. There is a private, dedicated office in the back of the restaurant. In addition to two customer restrooms, there is also a private employee restroom. The restaurant is surrounded by offices, and close to retail establishments. It is also near residential neighborhoods. As a result, it enjoys steady lunch and dinner business. There is street and garage public parking available on the adjacent streets. The restaurant is equipped with the following; large walk in refrigerator, 20' type 1 hood, 2 door reach in freezer, charbroil grill, flat-top grill, 8 burner stove, 2 convection ovens, salamander oven, 4 drawer under counter refrigerator with prep station, 2 door under counter refrigerator with prep station, steam table, double stack Montague pizza oven, fryer, slicer, ice machine, hand washing sink, prep and 3 compartment sink, dishwasher, coffee brewer. The restaurant has a liquor room with locker.

General Info

  • OrganizationLLC
  • Established1995
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating80 Indoor 30 Outdoor
  • Square Feet3000
  • ParkingStreet and Parking Garage
  • LicensesABC Type 47, Health and Business
  • Open HoursMonday – Thursday: 11:00 am – 9:00 pm Friday: 11:00 am - 10:00 pm Saturday: 5:00 pm - 10:00 pm Sunday: 5:00 pm - 9:00 pm

Lease

  • Rent$11,139
  • Expiration2020
  • Yearly IncreaseFixed Increases
  • Option5 year Option
  • DepositNegotiable

Financials

  • Monthly Revenue$115,416
  • Monthly Cash Flow$8,750
  • Annual Revenue$1,385,313
  • Annual Cash Flow$104,385
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location