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#5367
Santa Clara County

Established restaurant in upscale Downtown Palo Alto

$465,000
Available

Established restaurant on the best location in Downtown Palo Alto near by giant company like Amazon com, Houzz company, Stanford University, Apple store.
Total sale 1.4 million up, 4 year lease Lease + NNN $17,105.00. Can seat to 55+ additional 30

This is a a Realty Alliance Inc. listing.
Realtor Tommy Tran DRE License #01439113

Lease

Region:
Santa Clara County
Lease Term:
There is 4 years remaining on lease
Total Monthly Rent:
$17790

Operations

Liquor License:
41
# of Full-Time Employees:
6
# of Working Owners:
2
Hours Open:
open everyday
Year Established:
25 years
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Outdoor Seating:
32
# of Parking Spots:
street parking
Inside Sq. Ft.:
2500

Highlights

  • Locate near Stanford University
  • Upscale neighborhood with high end restaurants

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 17,384 153,237 183,719
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,579 55,169 67,533
2010 Persons Per Household 2.20 2.64 2.58
Median House Value $1,000,000 $990,114 $927,681
Income Per Household $122,473 $107,577 $105,742
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,313 5,513 6,699
2012 Number Of Employees 36,700 262,466 350,734
2012 Total Annual Payroll $1,775,217,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

The information contained in this offering profile was provided by the Seller and is believed to be accurate. RestaurantForSales.com and The Real Estate Discount Concept its agents, brokers, managers, employees have not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness whatsoever.  You are responsible for performing a thorough due diligence of the business before consummating a transaction. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer.  Please note: (1) Sq. ft. is estimated (2) Annual Payroll is last year's and does not include any owner wages. 


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