Downtown Peninsula Restaurant / Bar
Location California,United States
Asking Price Range < $250K
Gross Revenues $438913
Net Profit / Cash Flow $6324
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 10 - 19
Inventory 15000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 1 week.
Reason for Sale Retirement after 20+ years.
Description This elegant French restaurant for sale is on a premium downtown street in an affluent Peninsula city. It has excellent curb appeal, plenty of parking and is well known in the community. The restaurant has 5,822 square feet with an elegant main dining hall, a banquet room with full bar, and several private rooms. A hard liquor license is in place. The rent is very reasonable and the landlord will write a new lease with similar terms for qualified tenant. This restaurant would benefit from an active owner-manager interested in keeping the current concept, changing to other cuisines or even changing to a lounge or club. The current owner is motivated to retire after 22 years' ownership. Asking $240,000.
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