Restaurant space for sale on Palo Alto's bustling California Avenue. This is a busy, mixed commercial/residential area with many shops and restaurants on the main street and in the surrounding area. California Avenue enjoys substantial pedestrian and car traffic seven days a week. Household income in the area is high, and many working families in the area eat out frequently. The concept is not included in the sale, but the restaurant space is completely turn-key and in pristine condition. The location of the business and the restaurant space itself present an excellent opportunity to bring your concept to an area full of receptive customers. The inside currently seats 49, and there are 24 seats outdoors. The landlord will provide a new lease as part of the sale. A full equipment list is available upon request. For information on financials please complete an nda and more information can be available.

General Info

  • OrganizationCorporation
  • Established2009
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • Seating49 Indoor 24 Outdoor
  • Square Feet2,025
  • ParkingStreet Parking and Public Parking Lot
  • LicensesABC Beer and Wine, Business and Health Permit
  • Open Hours5pm - 8:30pm Tuesday - Saturday

Lease

  • Rent$8,200 (All Inclusive)
  • ExpirationDecember 2024
  • Yearly IncreaseNegotiable
  • OptionNegotiable
  • 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.

Location