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Popular Restaurant and Bar in Thriving Downtown Location

Enviable Location | Strong Customer Following | Strong Growth Opportunities

Specifications

 Price:
$2,044,865
Revenue:
$2,030,747
Cash Flow:
$427,454
Geography:
Santa Clara
County
Location:
Thriving Downtown Space; enviable population density
 Notoriety:
Popular name brand destination restaurant
 Employees:
25
Reason for Sale:
Focused on Other Ventures
Goodwill:
14+ Years of success
Services:  Full-service restaurant and bar
FF&E Highlights:  Extensive Tenant Improvements, turnkey equipment
Inventory: Estimated at $30,000
Customer Base: Business Professionals | Local event crowds | Dense, younger urban population
Lease:  9,000sf indoor & outdoor combined. Long-term lease available
Food Concept: American, night club concepts not allowed
Presented for acquisition is a popular restaurant and bar located in a thriving downtown area with an ideal population density. The establishment has a strong customer base that includes regulars. The restaurant benefits from local foot traffic, including those attending sporting and music events, people conducting business, convention-goers, and local urban residents.

The business has a track record of success and was able to recover from the COVID-related dip in 2022, which similarly impacted other restaurants in the industry.

It’s a popular spot for a casual dinner and equally well-known as a nightlife hotspot with an outdoor patio and live music.

For a successful operator in the restaurant and bar industry, this presents a great opportunity to acquire a solid business

Value Proposition

  • Well-known popular restaurant/bar in downtown area
  • On track to continue rebound to pre-COVID numbers
  • Signficant investment in tenant improvements
  • Extensive outdoor patio
  • Turnkey FF&E
  • Fully staffed
  • New POS system with multiple terminals
  • Popular, profitable bar business
  • Population dense area generates substantial foot traffic

Revenue Breakdown

Financial Highlights

  • Listing Price: $2,044,865
  • Fiscal 2022 SDE: $427,454
  • 2022 financial recovery, in the direction of pre-COVID revenues/profits
  • Buyer will benefit from major tenant improvements
  • 2020 and 2021 P&Ls available upon request, for buyers under NDA

Cashflow Analysis

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Submit an NDA for this listing
Contact Agent