Emergency Asset Sale!

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Call Us:

Brea: (714) 987-6147
Eugene: 650-787-2512
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
8618 - Food and Beverage

Location:
Northern California - East Bay

Emergency Asset Sale!

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


Asking Price: Market Price


Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

Financial Data Not Available

Operations

# of Employees Full Time Part Time
Non-Owners 3 25
Owners 0 4

Hours of Operation
Monday to Thursday 11am-10pm Friday & Saturday 11am-11pm

Licenses Required:

  • Business License
  • ABC license

Lease

Monthly Rent Including NNN:
$28,500

Expires:
2025

Option:
For 10 years

Size(sq.ft.):
5,700

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Other business interests

Training:
1 weeks 6 hours

Contact us About this Listing

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

Call Us:

Brea: (714) 987-6147
Eugene: 650-787-2512
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
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.