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

Restaurant & Bar With Great Lease

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $749640
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2003
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased

Restaurant And Bar With Great Lease And Seller Financing-price Reduced RRC#: 2059 Asking Price: $50,000 Location: Santa Clara County, Gilroy, California Yearly Revenue: $749,640 Yearly Cash Flow: Contact For Info Monthly Rent: 5500 all inclusive LISTING DESCRIPTION: WILL ACCEPT ANY REASONABLE OFFER. This 5,500 square foot restaurant is located in a historic building in the downtown of one of the Bay Area''s fastest growing communities. The building has been recently refurbished with new wiring, plumbing, HVAC, attic fans and new kitchen equipment. The two story building has dining rooms, a stage and dance floor, an antique back bar, a wood fired pizza oven, pool table, darts and outdoor seating on the upstairs deck. It''s currently an American faire casual dining restaurant serving breakfast, lunch and dinner, but could be converted to fine dining, a seafood restaurant or other concepts. It has a type 47 ABC license and an entertainment permit. The landlord is willing to give a new lease at $1.00 per square foot including NNN charges. The seller has a job opportunity and has decided to make a career change. He''s very motivated and has offered seller financing of $100,000 for a qualified buyer. RESTAURANT IS CLOSED. NO BROKER COOP GENERAL INFORMATION: Organization: Sole Proprietorship | Employees: 17 | Square Footage: 5500 | Licenses Required: ABC type 47 license | Days Open/Hours: Wed-Mon 8:00am-9pm Bar hours: Wed to 10pm, Thur & Sun to 11pm, Fri & Sat to 1:00am, Mon to 9pm | FINANCIAL INFORMATION: Yearly Revenues: $749,640 | LEASE INFORMATION: Monthly Rent: 5500 all inclusive | Lease Expiration: 2-28-15 | Lease Option: 5 years | FINANCING INFORMATION: Down Payment Required: 100,000 |

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