Like Grandma's House! Like walking back in time as you step in to this Italian Restaurant. Could be perfect on the show Diners, Drive-ins and Dives. Charming old world ambiance. Opened in 1996. Authentic Italian restaurant generating yearly sales of $650K. Open short hours (5 days a week from 11-3pm). HUGE upside to open evenings and weekends !! Seller is Landlord/owner of the building and willing to offer 20 year LEASE to qualified buyer. Comes with fully equipped kitchen, with seating for 124 guests ! More extensive equipment list upon request. Type 41 License. Third generation restaurant looking to sell, looking to retire. For the right buyer sellers are willing to start below market rent. Menu can be maintained, changed, re-branded. The location and demographics are awesome, in the HEART of Silicon Valley. Surrounded by tech giants like GOOGLE, FACEBOOK, YAHOO, and more !! Great for experienced operator with a social media background, culinary skills and private event experience who can really exploit this opportunity. MUST SEE!! Calling all Culinary Entrepreneurs !! Please sign and date the non-disclosure agreement below. For more information feel free to reach out to me.

General Info

  • OrganizationSole Proprietorship
  • Established1996
  • Current Owner1996
  • Employees5
  • Reason For SaleRetirement

Facilities

  • Seating124
  • Square Feet3100
  • ParkingStreet and Parking lot
  • LicensesBusiness / Health / ABC
  • Open HoursMonday - Friday 11am - 3pm

Lease

  • RentTBD
  • Expiration2029
  • Yearly IncreaseContact For Info
  • Option(2) 5 year options
  • DepositContact For Info

Financials

  • Monthly Revenue$55,166
  • Monthly Cash FlowContact For Info
  • Annual Revenue$662,000
  • Annual Cash FlowContact For Info
  • 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