* Included in Asking Price
Popular Santa Clara County Restaurant & Bar $1.1 Million Sales Seller Financing
Asking Price: $250,000
Location: Santa Clara, Santa Clara County, California
Yearly Revenue: $1,126,512
Yearly Cash Flow: Contact For Info
Monthly Rent: $8,985
This Bay Area, South County restaurant and bar''s location has a charming small town atmosphere which is bustling with activity due to its proximity to Silicon Valley. It has consistently grossed over $1MM in yearly sales. It has a fully equipped kitchen, below market rent and over fifty years of goodwill. The current owner is selling after over thirty years due to some health issues. A new lease is available and the owner is willing to finance up to $75,000 for a qualified buyer amortized over 30 months at 6% interest with monthly payments of $2,698.42. The location consists of 6,000 sq ft including a large dinning room, bar, outdoor patio and large kitchen. There is a city parking lot adjacent to the building. This is a great opportunity for an experienced restaurateur to move into a well established location. The locals make this a great bar business. ABC type 47 License. There are 3 Vulcan Ranges with Ovens, 2 Ansul System hoods (10'' &7''), 2 Vulcan Griddles, 2 Sandwich Prep Tables as well as lengthy list of other equipment. The business name, recipes and buyer training would all be included in the sale. NO BROKER COOP.
Organization: Corporation | Year Established: 1960 | Current Owner: 1985 | Employees: 6 Full Time, 18 Part Time | Seating: 127 | Square Footage: 6000 | Parking: Parking Lot | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: 6 / Tues - Fri 11:30a -9p SA Noon - 9:00p Sun Noon - 8p | Reason For Sale: Other Interests |
Yearly Revenues: $1,126,512 |
Monthly Rent: $8,985 | Lease Expiration: 9/30/2018 | Yearly Adjustment: Fixed increases | Lease Option: Negotiable | Security Deposit: 4,950 |
Down Payment Required: 175000 |
Seller Reference #2374
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