2 Established Silicon Valley Breakfast and Lunch Businesses

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Two extremely well-located restaurants in highly desirable areas in the heart of

Business Description

2 Established Silicon Valley Breakfast and Lunch Businesses; $5.5 Million Sales, $758,000 Profit

RRC#: 3255
Asking Price: Offered At $1,795,000
Location: Santa Clara County Annual Revenue: $5,519,000
Annual Cash Flow: $758,000
Monthly Rent: $14,421 / $21,504

Listing Description:
Two extremely well-located Silicon Valley restaurants (San Mateo County and Santa Clara County) in highly desirable areas in the heart of Silicon Valley. Both locations are beneficiaries of the high growth technology expansion adding hundreds of thousands of new jobs in each area with new industrial, office, retail and multi-unit residential building underway. Both restaurants have the same name, menu and proprietary items and one location has been in business for over 20 years and the other location close to 20 years under the same ownership. The restaurants have had a continued history of strong sales and profits. The strengths of the restaurants are as follows: a. open 7 days per week, 7a-2p (one shift) and closed only 2 days per year, b. mobile optimized and commerce-enabled website (DoorDash, UberEats, gift cards, etc.), c. great social media ratings and comments from customers, d. exceptional location for business lunch and family breakfast/brunch, e. easy parking and contiguous retail, f. each located in a wealthy demographic that is willing to spending on dining out, g. turn-key operation and marketing programs in place and h. happy and motivated long-term employees. Both restaurants have spacious comfortable homey dining rooms with a combination of tables and chairs and booth seating plus some counter seating. Each restaurant has outdoor seating with umbrellas. Both restaurants have ADA restrooms, employee bathrooms with employee lockers, office areas, storage rooms, dishwashing areas, prep kitchens and full cooking lines. Some of the equipment at each restaurant include as follows: two long type 1 hoods with fire suppression systems, several flat grills, a char grill, double basket fryers, convection ovens, waffle irons, cheese melters, walkin refrigerators, extensive under counter refrigeration, stand up full door refrigerators and freezers, rotary toasters, espresso machines, coffee grinders, coffee equipment, POS systems, hand sinks, mop sinks, 3 compartment sinks and utility sinks. A hands on owner operator could reduce some of the management costs and increase the profitability of the restaurants.

General Information:
Organization: Corporation
Established: Contact For Info
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $459,917
Monthly Cash Flow: $63,166
Annual Revenue: $5,519,000
Annual Cash Flow: $758,000
Payroll: Contact For Info
Monthly Revenue: $459,917
Monthly Cash Flow: $63,166

About the Business

Location:
Santa Clara County, California

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Listing Info

ID:
1610418
Ad Detail Views:
0
Asking Price:
$1,795,000

Gross Revenue:
$5,519,000
Cash Flow:
$758,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Restaurant Realty Company
License# 00976818

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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