Prime location on a busy street in Palo Alto, in a mixed residential/commercial area. This area receives both substantial walk-in and drive-up business seven days a week and is the main hub for the neighborhood. There is a train station near by and local farmers market on the weekend. The area benefits from a strong lunch and dinner crowd because of the mix of offices and residential in the area. The business for sale is currently an Asian quick-serve concept, however, the name and menu are not included in the sale of this business. The location is well set up for a fast-casual or quick-serve concept, and seats 26. The space has high ceilings, hardwood floors, and a contemporary design. It has an ADA restroom and an upstairs storage and office area. The kitchen equipment includes a immersion circulator for Sous Vide cooking, 8' type 1 hood, a fryer, grill, stove, 4 warmer drawer, walk-in refrigerator, 2-door under-counter refrigerator, 1-door beverage cooler, 4-drawer refrigerator, prep station, steam table, hand washing sink, prep sink, 3-compartment sink and dishwasher.

General Info

  • OrganizationCorporation
  • Established2012
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating26
  • Square Feet1733
  • ParkingParking Lot and Street
  • LicensesBeer and Wine, Health and Business
  • Open Hours11am - 8pm Monday- Friday; 10:30am - 3:30pm Saturday/Sunday

Lease

  • Rent$6,500
  • Expiration2020
  • Yearly IncreaseContact For Info
  • Option4 five year options
  • Deposit9842

Financials

  • Monthly Revenue$54,231
  • Monthly Cash FlowContact For Info
  • Annual Revenue$650,778
  • Annual Cash FlowContact For Info
  • Payroll$Contact 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