Popular Restaurant and Bar in Thriving Downtown Location
Enviable Location | Strong Customer Following | Strong Growth Opportunities
Specifications
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Price: $2,044,865 |
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Revenue: $2,030,747 |
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Cash Flow: $427,454 |
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Geography: Santa Clara County |
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Location: Thriving Downtown Space; enviable population density |
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Notoriety: Popular name brand destination restaurant |
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Employees: 25 |
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Reason for Sale: Focused on Other Ventures |
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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
