Price reduced: Steakhouses at prime locations!

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Asking Price:
 Not Disclosed

Gross Revenue:
$2,032,650
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Emergency Asset sale: Owner had to close the doors of the Fremont location. Any offer will be considered!

Two elegant steakhouses with increasing cash flow are currently for sale at prime locations in Fremont (5,600 sq. ft.) and Santa Clara (6,200 sq. ft.). Established in 2017 and 2018, both locations offer live music on Thursdays and a “Top Premium Spirits two-for-one night” on Mondays. Large outdoor patios with heaters provide additional seating. The current owner is a hospitality developer (this is his first venture into the restaurant business) and though he has invested $2M in each location has found he is unable to devote sufficient management time to bring them to their full potential. VERY MOTIVATED, MUST SELL QUICKLY! Will consider early possession. Approximately $1.6MM in bank debt. Listing # 8618/8619

About the Business

Location:
Santa Clara County, California
Year Established:
2017
Real Estate:
Leased
Building Sq. Ft.:
5,700
Rent:
$122,550,000.00 Per Month
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About the Sale

Reason For Selling:
Focus on other Businesses.
Training/Support:
1 Weeks, 30 Hours Per Week

Listing Info

ID:
1544269
Ad Detail Views:
323

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Business Listed by

Michael Floorman

BTI Group Inc.
License# 01160661

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