Wine Bar / Restaurant

Wine Bar / Restaurant

Available

$320,000.00

Listing Number :

 3812

Status :

Expired

Price :

$320000

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Description

Well established wine bar in one of the most desirable downtown well populated City. A unique European Style wine bar and bistro specializing in local wines and delicious food. Great for private events with an outdoor garden and patio seating. They specialize in small production boutique; California wines. Many of the wines are estate- grown and from family-owned wineries. Santa Clara County and the Santa Cruz Mountains produce world-class wines that are hard to find in stores and restaurants and are showcased here. Seller claims in 2018 Sales were over $1,200,000. Rent is $5,567/m including NNN. All Staff is in place including chef, manager and event coordinator. Lease expires  2026. Food cost is 33.5% and labor is about 38.4%. This is an absentee run business. An Owner operator can possibly cut down the labor & food cost by 15%.# 3812

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Wine Bar / Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3812
Date Available: 10/24/2019
Reason For Sale:
Annual Total Revenue: 1200000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 5,567/m
Lease Expires: 2026
Lease Option:
NNN:
 
Financing Information
Down Payment: 320000
Owner Will Carry:
Other Finance Terms:

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