Newly remodeled space on California Avenue in Palo Alto, which is one of the busiest commercial/residential streets on the Peninsula. The location is adjacent to restaurants and shops, and is surrounded by a high-income residential area. There is foot traffic and car traffic on California Avenue throughout the day seven days a week, and on Sundays, the street is home to a farmers' market which brings additional visitors to the area. The current owners invested close to one million dollars in the recent renovation. The space is modern, sleek, and ready for your concept. The current lease runs through February 2028, and comes with two 5-year options. The current rent is $6750/month, which is well under market value. This presents an excellent opportunity for the right owner/operator with the right concept to capitalize on the excellent location and favorable lease terms. The current build out was for a juice bar and cafe and has a glass door walk-in refrigerator on the front line, stainless steal counter-tops. There is another walk-in refrigerator in the back of house, an ada restroom and loft area for storage.

General Info

  • OrganizationLLC
  • Established2018
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • SeatingContact For Info
  • Square Feet1500
  • ParkingNon Metered Street Parking and Public Lot
  • LicensesBusiness and Health Permit
  • Open HoursContact For Info

Lease

  • Rent$6,750
  • ExpirationFebruary 2028
  • Yearly IncreaseFixed Yearly Increases
  • OptionTwo Five Year Options
  • Deposit$18,000

Financials

  • Monthly Revenue$64,541
  • Monthly Cash FlowContact For Info
  • Annual Revenue$774,501
  • Annual Cash FlowContact For Info
  • Payroll$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