Turnkey Legacy Restaurant in Highly Desirable Silicon Valley location
Asking Price: | $899,000 |
One of a kind opportunity to take over an Italian restaurant that has been in business for more than 20 years in a prime, highly desirable, suburban downtown location in Silicon Valley.
Known and loved by a large number of loyal customers, this restaurant provides strong cash flow and is set up for a new owner to continue the current concept without interruption.
The restaurant consists of 2,500 square feet on the ground floor with outside patios and has an existing mezzanine that is currently used as storage. This space could easily be converted to seating for many additional tables.
Low rent lease term until March of 2027 of just $11,582 per month gross that will be $12,526 in 2027. The Landlord is very easy to work with and a new lease can be negotiated if requested.
The interior has been recently remodeled with high end finishings, so a new owner will not have to worry about modifications for many years to come.
Type 47 license included in the sale. Inventory is available for an additional cost.
The current owners take pride in their business and have loved operating it. They are leaving the area for family reasons and hope that the restaurant can continue to serve the community for years to come
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