Calling all Entrepreneurs!!
Have you dreamed of wanting to get your restaurant up and running and ready for customers? If so, this authentic Italian restaurant is just for you. Restaurant comes with fully equipped kitchen with seating of up to 124 guests. The banquet facility is a great space for entertaining and is an added bonus. In-dining restaurant isn't your only option! Menu can be changed & rebranded. The options are endless! Do you need a kitchen/space to fulfill your food truck dreams? This location is just the place! Food truck parking with commissary/ghost kitchen option can make the dream a reality.
Located in the heart of Silicon Valley, the location and demographics are awesome! Surrounded by tech giants like Google, Facebook, Yahoo! and more. Restaurant and bathroom has met guidelines required by the Certified Access Specialist Property Inspection (CASp) and Santa Clara County Healthy Department.
Seller is willing to offer competitive, below market rent. Starting at $1/sqft for the first year and $2.50 the year after with a 3% yearly increase. Opened in 1996. Authentic Italian restaurant generating yearly sales of $650K in 2019 only open 20 hours a week. SELLER FINANCING available for qualified buyer!! Currently open minimal hours, offering take out. HUGE upside to open evenings and weekends !! Seller is Landlord/owner of the building and willing to offer 20 year LEASE to qualified buyer. Comes with fully equipped kitchen, with seating for 124 guests ! More extensive equipment list upon request. Type 41 License. Could be re-branded, lots of upside if buyer were to open for dinner! Newly renovated!
Third generation restaurant looking to sell, looking to retire. For the right buyer sellers are willing to start below market rent. Menu can be maintained, changed, re-branded. The location and demographics are awesome, in the HEART of Silicon Valley. Surrounded by tech giants like GOOGLE, FACEBOOK, YAHOO, and more !! Great for experienced operator with a social media background, culinary skills and private event experience who can really exploit this opportunity. MUST SEE!! Calling all Culinary Entrepreneurs !!
Please sign and date the non-disclosure agreement below. For more information feel free to reach out to me.
- OrganizationSole Proprietorship
- Current Owner1996
- Reason For SaleRetirement
- Square Feet3100
- ParkingStreet and Parking lot
- LicensesBusiness / Health / ABC
- Open HoursMonday - Friday 11am - 3pm
- RentContact For Info
- Yearly IncreaseContact For Info
- Option(2) 5 year options
- DepositContact For Info
- Monthly RevenueContact for Info
- Monthly Cash FlowContact For Info
- Annual RevenueContact For Info
- Annual Cash FlowContact For Info
- PayrollContact For Info
- Down PaymentContact For Info
- Note BalanceContact 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.