Elevated Mexican concept in the South Bay featuring an elegant, modern, build-out - no costs were spared in the design and completion of this gorgeous restaurant. It is located in an upscale part of Santa Clara County, within a busy shopping area. The restaurant features a large main dining room with an adjacent bar, two private dining areas, two outdoor patios, and a very large kitchen. The total square footage is 7,648, and the restaurant capacity is 400 and they seat 250+ inside and the outdoor currently has a tent in the parking area with 70 seats and two additional patios with another 100 seats. The kitchen which has two large type 1 hoods is well set-up to accommodate dine-in and catering/delivery/pick-up business simultaneously. The restaurant holds a Type 47 liquor license and has full bar service. The space also holds an entertainment license and currently play live music until 12am on Friday - Sunday.
The elevated Mexican concept is relatively new, and has been successful thus far. A new owner could continue to grow this concept - the owners will provide the training necessary for a smooth transition - or bring their own concept to this turnkey restaurant space.
The kitchen is equipped with two large type 1 hoods back to back for two separate hot lines, which include, large stove with ovens, flat top grill, charbroil grill, salamander, , fryers, double stack convection oven double stack pizza oven, large walk in fridge and freezer, soup station, steam table, reach in refrigerators and prep stations and much much more, a full equipment list is available upon request.
The current lease is through 2025 and has increases every other year. The current rent is $37,126 which is $4.85 per sqft. There are additional NNN and cam charges of $5542 bringing the total occupancy costs to$42,668. The option period which starts in 2026 brings the rent rate back down $35,824 resetting the base rent again with biennial increases. The landlord may negotiate with a buyer but its unknown and dependent on the strength of the buyer and their concept.
The sales below are on an annualized basis and based on the $1,949,418 that the current concept has done in the 9 months of operation.
- Current Owner2015
- EmployeesContact For Info
- Reason For SaleOther Interests
- SeatingIndoor 250 Outdoor 170
- Square Feet7,648
- ParkingParking Lot
- LicensesABC Type 47, Health and Business Permit
- Open Hours11:30am - 9pm Sunday - Thursday; 11:30am - 10pm Friday - Saturday
- Rent$37,126 + $5,542 (NNN)
- Yearly IncreaseBiennial Increases
- Option5 Year Option
- Monthly Revenue$216,602
- Monthly Cash FlowContact For Info
- Annual Revenue$2,599,224
- Annual Cash FlowContact For Info
- Payroll$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.