Gorgeous space for lease in busy downtown Los Gatos.  The space is located on East Main Street, in a bustling area with boutique retail shops, trendy restaurants, theaters, and museums.  There is a significant amount of foot traffic in the area seven days/week.  Median family income in the area is high, and locals tend to dine out frequently.     The space is a former Lamborghini dealership, and has a refurbished interior with high ceilings.  It has excellent glass frontage windows and would make for a stunning restaurant space.  It is not currently a second generation restaurant space, and will need to be converted - but the landlord will provide a tenant improvement allowance of $150,000 to the right buyer with the right concept to facilitate this process.  The asking starting rent is $4,75 per sqft and a long term lease is being offered.  Prime opportunity for new or existing restaurant concepts.  The landlord has already started the process with building a parklet which will be 35' or 3 parking spaces.

General Info

  • OrganizationFor Lease Listing
  • EstablishedN/A
  • Current OwnerN/A
  • EmployeesN/A
  • Reason For SaleOther Interests

Facilities

  • SeatingOutdoor Seating Potential With New Parklet
  • Square Feet2,900
  • ParkingParking Lot and Street Parking
  • LicensesConditional Use and Health Permit, Business License
  • Open HoursN/A

Lease

  • RentAsking Rent $4.75 Per Sqft
  • Expiration5+ Years - Negotiable
  • Yearly IncreaseNegotiable
  • Option5 Year Option - Negotiable
  • DepositNegotiable

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact for Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • PayrollContact for Info

Financing

  • 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.

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