businesses for sale

Restaurant Franchise for sale

Location: Morgan Hill, California

Category: Restaurants for sale

Asking price: $595,000.00

Description of the business for sale
Beautiful franchised restaurant in 4,950 square foot, freestanding corner building on a major commute street in an affluent city in the South SF Bay Area (Silicon Valley). Recently remodeled to conform to current franchise decor standards, looks great! Building upgrades 2 years ago included new tile roof, new HVAC and new sewer lines throughout to the street. Inside, 2011 remodel of dining area, new range, griddle and grill in the cookline. This restaurant is very well-equipped with three walkins (2 ref 1 freezer so veggies and meat are never stored in the same ref) plus two ice machines - if #1 goes down the use #2 while #1 gets repaired, so you are never without ice. Beer and wine license. Experienced staff - chef has been at this restaurant for 25 years and most of the staf has been there over 10 years. Absentee owner has 7 restaurants spread out over a large part of Northern CA and spends very little time at this restaurant. He feels that an owner/operator who greets the customers and adds his "personal touch" to their dining experience plus being active in the community could easily grow sales and profits. Owner is selling to consolidate his interests.

Support / Training provided by seller
Franchise training 4 weeks locally, $5,000 training/transfer fee

Description of the facilities
4,950SF, base rent $8,649.04 + NNN $1,302, expires 1/31/2013 plus 5-year option and landlord will grant additional options or write new, long-term lease for qualified buyer.

  • By phone: 408-385-0412
  • Ask for: Michael Floorman

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Business details

BTI Group Inc.
San Jose , CA
Broker Co-op? yes

Listing Id: 95283
Reference Id: 7844GC
Year established: 1980
Employees: 19

Asking Price: $595,000.00
Revenue: $1,012,721.00
Annual Net: $149,618.00
Down Payment: $119,000.00

Business Type:
Non Relocatable Business

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