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Asking Price$199,000
Revenue$2,724,174 EstablishedUndisclosed
Cash Flow$265,413 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Peninsula Fully Remodeled Restaurant with Full Liquor; $2.7+ Million Sales; $265K+Net Profit

Price Reduced: Offered At $199,000

RRC#: 3528
Location: Santa Clara County
Annual Revenue: $2,724,174
Annual Cash Flow: $265,413
Monthly Rent: $29,740 All Inclusive

Listing Description:
Bustling, popular California gastropub in busy downtown Palo Alto.  The space was recently given a $1.4 remodel, including modern decor, hardwood floors, a new sprinkler system, new plumbing, and an HVAC. The inside area seats 120, and the front patio area seats 30.  Inside there are 4 large flat screen TVs.  This is an excellent venue for watching sports, but it is more than just a sports bar. There are multiple microbrews on tap, in addition to a full liquor license.  The food menu includes highly regarded BBQ, but offers options for all palates.  The restaurant is open for lunch and dinner 7 days a week. The location was formerly a brewery, and it still has the capacity to function as such.  It still has beer brewing tanks and a kettle in place, and could be fully functional as a brewery again with a few minor repairs. There is a long term lease in place which runs through 2027, and has two five year options.  The name is not included in the sale.The kitchen has a smoker area with a large southern pride smoker which was purchase 4 years ago.  There is a 3' type 1 hood above it.  The front line is equipped with a 2 door refrigerator, 4' grill, 2 fryers, 6 burner stove with two ovens, flat top grill and has a 12' type 1 hood above.  There is also a 6 drawer refrigerator drawer prep station, steam table, under counter warmer drawers and a bakers pride pizza oven.  There is a kitchen prep area as well with a large walk in refrigerator, dishwasher area and food prep tables. There is also an upstairs office area and storage.  A two door freezer and ice machine are located upstairs.  Also a break room for the employees with lockers are located here.

General Information:
Organization: Inc
Established: 2015
Current Owner: Contact For Info
Employees: call
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $227,014
Monthly Cash Flow: $22,117
Annual Revenue: $2,724,174
Annual Cash Flow: $265,413
Payroll: Contact For Info
Ad #114958
Seller Reference #3528
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Contact This Seller
Steven D. Zimmerman, CBI, M&AMI, CBB, FIBBA
Restaurant Realty Company
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