Bustling, popular California gastropub in busy downtown Palo Alto. The space was recently given a $1.4 remodel, including modern decor, hardwood floors, a new sprinkler system, new plumbing, and an HVAC. The inside area seats 120, and the front patio area seats 30. Inside there are 4 large flat screen TVs. This is an excellent venue for watching sports, but it is more than just a sports bar. There are multiple microbrews on tap, in addition to a full liquor license. The food menu includes highly regarded BBQ, but offers options for all palates. The restaurant is open for lunch and dinner 7 days a week. The location was formerly a brewery, and it still has the capacity to function as such. It still has beer brewing tanks and a kettle in place, and could be fully functional as a brewery again with a few minor repairs. There is a long term lease in place which runs through 2027, and has two five year options. The name is not included in the sale. The kitchen has a smoker area with a large southern pride smoker which was purchase 4 years ago. There is a 3' type 1 hood above it. The front line is equipped with a 2 door refrigerator, 4' grill, 2 fryers, 6 burner stove with two ovens, flat top grill and has a 12' type 1 hood above. There is also a 6 drawer refrigerator drawer prep station, steam table, under counter warmer drawers and a bakers pride pizza oven. There is a kitchen prep area as well with a large walk in refrigerator, dishwasher area and food prep tables. There is also an upstairs office area and storage. A two door freezer and ice machine are located upstairs. Also a break room for the employees with lockers are located here.

General Info

  • OrganizationInc
  • Established2015
  • Current OwnerContact For Info
  • Employeescall
  • Reason For SaleOther Interests

Facilities

  • Seating120 Indoor 30 Outdoor
  • Square Feet5200
  • ParkingStreet and Parking Lot
  • LicensesABC Type 47, Health and Business
  • Open HoursContact For Info

Lease

  • Rent$29,740 All Inclusive
  • Expiration2027
  • Yearly IncreaseCPI
  • Option2 Five Year Options
  • DepositContact For Info

Financials

  • Monthly Revenue$227,014
  • Monthly Cash Flow$22,117
  • Annual Revenue$2,724,174
  • Annual Cash Flow$265,413
  • Payroll$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.

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