The sister space to the wildly popular and successful Cafe Borrone in Menlo Park is for Sale! The space also has a Type 47 Full Bar License available for an additional $80,000. This stunning space was built in 2014-15 and operated as a high end full bar eatery, that also offered a specialty market. Bring your full service concept to this stunning Italian styled upscale space with custom bar and patio. No expense was spared on the design and equipment within, with the buildout and equipment cost approaching $1million. Italian marble, Italian tile accents and imported equipment items fill the space.
The space was previously operated as a high end full bar eatery and offered a specialty market.
Although the space emulates a classic Italian market, it includes a bar-top with interior and patio seating suited for a full service restaurant. In addition to being having a Chef's dream kitchen within, a Mixologist or Sommelier will see the value in the stunning bar and large secluded patio to serve up libations or pour glasses!
The patio space is secluded and private, and boasts large custom planter boxes, rope lighting and five Tungsten Smart Heaters. Guests have enjoyed this patio rain or shine, with bites and cocktails on their tables!
The current lease rate is currently far below market rate, which continues through 2021. The remaining current term and option, that run through 2030, have an low lease rate for the area, have not CPI annual increases and have NO Triple Net Costs!
The fully equipped open kitchen is outstanding! It includes a large Walk-in, 12ft Type-1 Hood, Type 2 Hood, Rotisol Rotisserie Oven, Fryer, 6 Basket Pasta Cooker, Montegue Ovens, 30qt Mixer, A Classic Berkel Meat Slicer, Dramatic Marble Counters/Bar/Chef' Prep Tables, Imported Italian Refrigerated Display Case, Large Storage Room, and SO MUCH MORE!
Full Equipment List Upon Request...
This space is of the highest quality and is turnkey. Don't miss out on this chef or restauranteur's dream space, located in the highly affluent Menlo Park, on El Camino Real, and next to the wildly popular and community loved Cafe Borrone!
- Current Owner2014
- EmployeesContact for Info
- Reason For SaleOther Interests
- Seating18-20 Inside 30+ on Heated Patio
- Square Feet1664 plus 1 deeded parking space
- Parking1 Deeded Space, Easy Street and Public Lots
- LicensesContact for Info
- Open HoursContact for Info
- Rent$2,595 through 12/21, $5,824 (NO NNN!) 2021 through 2024
- Yearly IncreaseNO CPI Annual Increases
- OptionContact for Info
- Monthly RevenueContact for Info
- Monthly Cash FlowContact for Info
- Annual RevenueContact For Info
- Annual Cash FlowContact For Info
- Payroll$Contact for Info
- 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.