The timing couldn't be better to jump on this amazing hotel restaurant/bar opportunity as we climb out of the Pandemic and back to a more normal business and travel life. This business is priced to sell fast, so a new operator can hit the ground running as downtown dining and nightlife return, business travel and conventions resume and brings with it a huge customer base to this hotel and the existing full service restaurant and full bar. The hotel's occupancy is currently running at 90%-100% Capacity.
This stunning 8000 square foot Downtown Restaurant is located in a Major Silicon Valley City. Located blocks from other major hotels, convention centers, a well known University and Entertainment Venue. Just a few miles Away from an International Airport!! This restaurant is a beautiful space with comfortable seating for 56 in the Lounge + 76 in the dining room with additional seating for 46 in the outdoor patio, 36 in a private dining room and there is banquet capability to seat 100 in the dining room, 100 standing in the Lounge and 150 seated in the outdoor patio.
Menu is currently Asian Fusion, but a new operator could bring their own concept also. Included is a Full Type 47 Liquor License and Full Bar. The landlord has been very supportive through the Pandemic, and supported the tenant with rent discounts. There is still time remaining on the current term and there is a 5 year option to extend. Excellent Opportunity for Professional Restaurant Operator with Hotel + Banquet Experience.
- Current Owner2012
- Reason For SaleOther Interests
- Square Feet8,000
- ParkingParking Garage / Street Parking
- LicensesBusiness / Health / ABC Liquor License
- Open HoursDaily Breakfast 6:30am - 10am / Dinner 4pm - 10 pm
- Rent$6,668 + %Rents - Maximum Rent $13k (landlord open to new lease)
- Expiration2023 (lease open to new reasonable Lease)
- Yearly IncreaseContact for Info
- Option5 year Option (landlord open to New reasonable Lease)
- 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.