MergerPlace

Price reduced: Steakhouses at prime

California


  • Asking Price: $1
  • Gross Income: $2,032,650
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #210373
  • Established: 2017
  • Employees: FTE 3/25 PTE

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 TO SELL QUICKLY! Will consider early possession. Approximately $1.6MM in bank debt. Listing # 8618/8619


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: California

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: FTE 3/25 PTE

Financial Information

Asking Price: $1
Gross Revenue: $2,032,650
Seller Financing Available: No

Property Information

Reason for selling:

Other business interests

Support & Training:

1 Weeks, 6 Hours Per Week

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Michael Floorman

Business Team