Description Remodeled Restaurant Near Apple Computer Headquarters-seller Financing-price Reduced
RRC#: 2096
Asking Price: $295,000
Location: On Major Street, Cupertino, California
Yearly Revenue: $1,567,992
Yearly Cash Flow: Contact For Info
Monthly Rent: $21,000 all inclusive
LISTING DESCRIPTION:
THE LANDLORD WILL CONSIDER LOWERING THE RENT TO A QUALIFIED BUYER AND WITH $150k DOWN, SELLER WILL CARRY BACK $145K. This beautifully designed restaurant is located in a prime location on a major thoroughfare with easy access to the freeway and was built out at a cost of $2.2 million. The restaurant has windows throughout, high ceilings, tile floors and rich finishes on the floors and walls. There are two large dining room areas, an outside dining area, display kitchen, full kitchen, prep kitchen, dishwashing room, storage areas, offices and 2 ADA restrooms. Some of the equipment includes as follows: 7'' type 1 hood, 3 microwaves, 6 burners, 2 refrigerator drawers, 3 door under counter refrigerator with sandwich station, 2 compartment steam table, 4 - 2 door under counter refrigerators (1 with 3 beer taps), 1 door under counter heating unit, 2 - 3 door under counter refrigerators + sandwich stations, 2 specially designed ovens, 3 hand sinks, 3 compartment sink, dishwashing sink + rinse hose, mop sink, 2 compartment sink, ice maker, full door glass refrigerator, 18 employee lockers, large walk in refrigerator, 2 large service stands, utility sink, and 3 door under counter heating unit, etc. NAME, MENU AND PROPRIETARY ITEMS NOT INCLUDED.
GENERAL INFORMATION:
Organization: Sole Proprietorship | Seating: 105 inside + 40 outside | Square Footage: 4,270 + outdoor seating | Parking: Parking lot | Licenses Required: Business, ABC Type 41 (beer & wine) |
FINANCIAL INFORMATION:
Yearly Revenues: $1,567,992 |
LEASE INFORMATION:
Monthly Rent: $21,000 all inclusive | Lease Expiration: 18-Jan | Yearly Adjustment: Fixed Increase | Lease Option: 3 Five Year options |