Popular lunch/brunch and dinner bistro on California Avenue, one of the busiest thoroughfares in Palo Alto. The restaurant sits next to retail and other restaurants, and is surrounded by business and high-income residences which provide a solid lunch and dinner business throughout the week. The area enjoys a significant amount of pedestrian and car traffic. The current concept is French-Californian, but the space and the neighborhood are well suited to a range of potential alternatives. The inside seats 100, and there is outside seating that can accommodate another 20. The restaurant is equipped with an 8' type 1 hood, fryer, 6 burner stove with oven, a grill with oven, salamander, 3 door under-counter refrigerator with prep, walk in refrigerator, 2 door reach in, 1 door freezer, ice machine, 3 compartment sink and a dishwasher. There are two restrooms and a wine storage area.

General Info

  • OrganizationInc
  • Established1994
  • Current Owner2017
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating100 Inside and 20 Outside
  • Square Feet1380
  • ParkingStreet and Parking Lot
  • LicensesBeer and Wine, Business and Health Permit
  • Open Hours11am - 3pm / 5pm - 9:30pm Daily

Lease

  • Rent$9,400 All Inclusive
  • Expiration2022
  • Yearly IncreaseFixed
  • OptionNegotiable
  • Deposit$27,717

Financials

  • Monthly Revenue$88,511
  • Monthly Cash Flow$13,141
  • Annual Revenue$1,062,136
  • Annual Cash Flow$157,692
  • Payroll$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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