This business has been pre-approved for an SBA Loan so with 10% to 20% or $59,500 down to $119,000 down the SBA will finance this business. This long established restaurant and full bar is in a corner location in a shopping center in a strong location that is growing and surrounded by high tech companies. There is an attractive dining room with tables and chairs, banquette seating, tile floors and windows surrounding the perimeter so the restaurant has an open airy feeling. There is a separate bar area, display kitchen, outdoor seating area, full kitchen, and prep kitchen. There are several storage areas, two ADA restrooms, employee restroom and office area. Some of the equipment includes as follows: 2 - 11' type 1 hoods with fire suppression systems, 3 compartment food warmer, 2' x 3' char grill, 3' flat grill over 4 under counter refrigerator drawers, 6 burners over oven, 3' salamander, 3 double basket fryers, 4' flat grill over oven, 4 burners over oven, 2 stock pot burners, pizza oven, orange juice machine, counter mixer, walk-in refrigerator, steamer, 2 compartment sink, 3 compartment sink with rinse hose, dishwasher, 18 employee lockers, 5 - 2 door under counter refrigerators (3 with sandwich stations on top & 1 with 6 taps), 3 compartment steam table, 3 hand sinks, 2 full door glass refrigerator, ice machine, 2 large screen TV's, 2 ice bins, 3 compartment sink, POS system, 2 glass door under counter refrigerator, 1 group espresso machine and 2 compartment ice cream freezer, etc.

General Info

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

Facilities

  • Seating70 inside + 40 outside
  • Square Feet2,500 + outdoor seating
  • ParkingParking lot
  • LicensesBusiness, ABC Type 47 (full liquor)
  • Open Hours7 / M-F: 10:30a-10p; SA, S: 9:30a-11p

Lease

  • Rent$9,566 + NNN
  • Expiration3/2023
  • Yearly IncreaseRent fixed in 5 year increments
  • Option2 Five Year Options
  • DepositContact For Info

Financials

  • Monthly Revenue$141,666
  • Monthly Cash Flow$22,833
  • Annual Revenue$1,700,000
  • Annual Cash Flow$274,000
  • Payroll$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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