Popular Restaurant with Bar centrally located.

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Call Us:

Boise: (208) 906-0237
Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 438-9705
Los Angeles: (213) 438-9705
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Spokane: 509.443.4337
Stockton: (800) 622-0192

Category:
10089 - Restaurants

Location:
Northern California - Northern California

Popular Restaurant with Bar centrally located.

Business Description:

This popular restaurant and bar is located in a busy part of downtown Gilroy in a corner anchor building in south Santa Clara County. The restaurant is approx. 4000 sq/ft of space. The restaurant serves traditional American and local cuisine with a large full liquor/wine/beer licensed bar. Entertainment area with performance stage for a band. The restaurant and bar is popular with local residents & visitors to the area. Restaurant is fully equipped with commercial hoods, walk in frig and freezer. Restaurant is well established with +25 years of history. Area adjacent to the restaurant has new homes being built increasing potential sales in the future. BTI#10089


Asking Price: $395,000


Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

Jan - Dec

12/31/2019

$826,446
(Sales)

$138,118
(Adjusted Cash Flow)

12 Months Ended

12/31/2018

$811,225
(Sales)

$134,313
(Adjusted Cash Flow)

12 Months Ended

12/31/2017

$895,698
(Sales)

$186,647
(Adjusted Cash Flow)

12 Months Ended

12/31/2016

$929,231
(Sales)

$200,867
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 0 22
Owners 1 0

Hours of Operation
M-Sat: 11am-9pm, Sun: 11am-10pm

Licenses Required:

  • Business
  • Resellers
  • ABC
  • Food Handler

Lease

Monthly Rent Including NNN:
$7,997

Expires:
12-31-2021

Option:
For 10 years

Size(sq.ft.):
3,972

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Retirement

Training:
2 weeks 20 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Boise: (208) 906-0237
Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 438-9705
Los Angeles: (213) 438-9705
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Spokane: 509.443.4337
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.