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Businesses For Sale   >>   California Businesses For Sale

Gourmet Restaurant, Liquor License And Bar

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1990
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks
Reason for Sale  Retiring

Description  
This fine dining restaurant features a gourmet Asian cuisine, with a full-service bar and lounge area. In business for over two decades, the establishment enjoys a loyal and thriving community of regular patrons. Located in a very upscale San Francisco Peninsula/Silicon Valley downtown, there is extensive foot traffic and a huge potential for increased business by extending hours and adding entertainment to attract the after-dinner, after-theater late-night lounge crowd. This is an excellent opportunity to enter into the lucrative upscale restaurant/lounge business with a perfect platform to continue the existing menu, expand it, or change it--but have instant positive cash flow the very day the business changes hands. The facility is a stand-alone building of approximately 4,400 sq ft, tastefully furnished in contemporary stye. The kitchen is fully-equipped and up-to-date. The landlord has already agreed to a new 10-year lease, with two 5-year renewal options at $22,000 per month with a 4% annual increase. Of course, all terms are certainly negotiable by a prospective buyer. The existing kitchen and serving staff of 10 full-time and 5 part-time employees is most likely to stay with a new owner; several have been with the restaurant for many years. The business also provides extensive -- and very profitable -- catering for regular well-established commercial customers. The current owners prefer to sell the business based on location, physical assets (furniture, fixtures, and equipment), reputation and customer awareness, favorable lease terms, leasehold improvements, obvious extent of the current business volume, and liquor license, rather than on financials. Open 7 days a week, they receive both credit card and cash payments, and claim that the business is very lucrative. Any serous prospective buyer will be afforded plenty of opportunity during due diligence to make their own independent determination of cash flow and SDE.


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