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Mediterranean Restaurant – $500K Spent on Remodel – Seller Financing, RRC#2307

$175,000

Business For Sale Details

Updated on October 17, 2019 at 8:48 pm

  • Property ID: RRC#2307
  • Price: $175,000
  • Building: 2208 Sq. Ft.
  • Type: Bars, Restaurants, Restaurants, Food & Beverage
  • Status: Business For Sale
  • Rent: $5,564
  • Lease Expiration: 3/31/16
  • Organization: Corporation
  • Reason For Sale: Other Interests
  • Employees: FT: 6 PT: 9
  • Days/Hours of Operation: S 11a-9p M-Th 5p-9p F 11a-3p
  • Seating: 80+
  • Parking: Ample
  • Licenses: Business, ABC Type 41 (beer & wine)
  • Lease Security Deposit: 6,668
  • Lease Options: 5 years

Description

This remodeled restaurant is located on a busy thoroughfare. The seller completely renovated it when he bought it adding new kitchen equipment, furniture and ADA compliant restrooms. It grossed over $600,000 last year even though it was closed for more than 100 days so there is tremendous upside for sales and profits. Additionally the restaurant has limited hours as it is open for dinner only M-Th so there is upside for lunch these days it serves lunch only on Friday so there is upside for Friday dinner and it is closed all day Saturday so there us upside for lunch and dinner. Additionally breakfast could be added daily. Currently the restaurant loses money because it is closed so much of the time. It has an attractive dining room that seats over 80 and has a stage and equipment for live music. Some of the equipment includes as follows: 20′ type 1 hood with fire suppression system, 8′ island refrigeration unit, hand sink, Delfield cooler, one compartment sink, 3 compartment sink + 9′ shelf, Universal Fritter mixer, 5 compartment Duke warming trays, True refrigerated condiment station, Electrolux Multi Green veggie cutter, Chefmate meat grinder, 2 CAC pot burners, Royal six burner stove with oven underneath, 2 fryers, Vantco electric griddle, DGS gyros machine, 3′ x 3′ refrigerator, microwave, 42″ high wine cooler, HP Office Jet 4620 printer, 4 Micros printer, 2 Micros POS stations with cash drawers, 42″ TV, 4 Bose speakers, screen mounted on ceiling, projector, amplifier, mixer, subwoofer, JBL speakers and Harbinger speakers, etc. The restaurant has developed a strong following and has a mailing list of over 2,000 along with 1,700 Facebook likes and very good Yelp reviews. It does catering and is available for special events. The seller has other businesses and has to leave the country. He’s motivated for a quick sale and will offer financing to a qualified buyer. NO BROKER COOP

Business For Sale Location:

  • Location: Campbell, CA, United States
  • City / County: Campbell
  • State / Province: California
  • Country: United States

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