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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

Exquisite Gourmet Restaurant & Trendy Wine Bar

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2014
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased

Description  
Picturesque, warm, and inviting, this elegant gourmet restaurant lavishes its guests with subtle charm, expert service, and exquisite continental cuisine. They offer the finest, natural ingredients from small farms and specialty purveyors. The superb wine cellar features choice Old and New World vintages, with a focus on local winemakers, and more than 30 selections by the glass. The restaurant currently serves dinner six nights a week; but, the owners believe there would be demand for lunch on Thursday through Sunday. The typical entree is priced at $65.00 to $75.00, and $85.00 for the chef's tasting menu, and the typical diner spends $100.00 to $120.00 per meal. The restaurant opened circa 1996 and has been under the current ownership for the last 11 years. This dining spot enjoys a very loyal, regular, upscale clientele, who appreciate fine food and wines, and are willing and able to pay a premium price. Housed in a charming vintage building in the heart of an upscale Silicon Valley town, the restaurant's main dining room seats up to 60, but typically 36, with an additional flower-bedecked private outdoor patio area. The second dining area, also with a small covered outdoor area, seats as many as 35, usually 25, and hosts a trendy wine bar and small plates several nights per week, with a check average of $35 to $50 per person; it's also the perfect venue for private parties and intimate banquets. The kitchen is efficient and in pristine condition; there is direct access to each of the two dining areas. The restaurant covers approximately 2,000 square feet, including approximately 400+ square feet in the kitchen area. The current lease is $3,800 per month (gross) with utilities costing about $800-900 per month on average. There are 9 years left on the current lease and the landlord is very amenable to a new long-term lease at very favorable terms. An outdoor storage shed is included to hold overflow inventory and excess furniture. An additional office .


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