Hot & Trendy Mexican Fusion Restaurant - Fremont, CA

Fremont, CA (Alameda County)

Seller Financing Available
Mexican Restaurant - Hottest Restaurant, Fremont, CA
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Asking Price: $949,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: $25,000*

Established: 2016

*not included in asking price.

Hot & Trendy Mexican Fusion Restaurant - Fremont, CA

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Business Description

Chef Driven | Prime Location | San Francisco Bay Area

Located in the heart of Silicon Valley, Fremont, CA, is a casual and beautiful, yet upscale restaurant priced at 30 cents to the original cost of development, built four years ago. The venue is located in a high traffic and desirable shopping center. This restaurant was built from scratch and designed by a renowned professional architect who is an expert in restaurant development designing. It is adorned with beautiful authentic wall murals that are hand-painted by an artist showing Spanish culture and is aesthetically pleasing in addition to providing a warm ambiance for the ideal dining experience.
The restaurant is located at the largest shopping center of the bay area with over 10 Large Department stores and 80 small shops which makes it the perfect location for a restaurant. Just developed a few yards away from the restaurant, are 10 large buildings built for Amazon wholesale along with other buildings owned by several large US companies. This makes it a great potential that will bring hundreds of new customers to this restaurant for dinning.
The lavish decorated restaurant can hold approximately 170 guests and has two patios adding 56 additional seatings to the original 5,700 sqft space, also combined with a modern kitchen holding state-of-the-art equipment and tools. The two patios are equipped with hanging and floor heaters for the comfort of the guests as well as a fireplace that offers a warm feeling while dining outdoor. They are also equipped with lots of Umbrellas for the summertime to provide ample shade. The restaurant has been flourishing and serving mainly outdoor even during the pandemic and is guaranteed to generate at least four times more business upon reopening.
The restaurant offers live music during the weekends and on special holidays in addition to offering a private dining room to accommodate up to 35 guests. One of the most popular feature of the restaurant is its luxury bar seating that accommodates 26 at the bar and 24 high top tables in the lounge. There is constant Reggaeton background music playing along with dancing Neon ceiling lights as they change colors to create the perfect ambience. In addition, there are other lights with dimming effects, carefully selected colorful hanging lights and chandeliers add to the beautiful ambiance. It is furnished with colorful matching furniture to highlight the theme and add up to the authentic culture.
The menu is carefully created and designed by a professional chef. The food is not just your regular Mexican cuisine offered in other restaurants. The original cost for developing, designing as well as furnishing was about $3 MM and the current owner is offering this wonderful dinner at only 30Cents to the dollars which makes it $949K including Inventory up to $25K at the close. Any given individual or firm of a restaurant can take this joint at a very high level so it has great growth potential. The Proforma growth revenue stream in the next five years will be from 2.4 Million to around 3.5 Million a year with remarkable profitability.
Owner may carry a note to a qualified buyer up to 300K

General Information
Organization: California Corporation
Established: 2016
Built from dirt, Ground up at the cost of about 3 MM
Employees: 26
Seats 170 + 56 patio. Total 226
Opening Hours 11:30 AM to 9 PM Longer hours are growth potential
Reason for sale Other business interests and owners senior age is a factor
Permits and Licenses Business, health, ABC Type 41
Rent 21,500 base rent plus NNN
Expires 2024
Option to extend two Five years
Offering Price $949,000 Including Inventory up to 25K at close
Seller Financing Up to 300K for two years at 5.5 % interest
OR Price to be $899,000 Including Inventory $25K for All cash offer.

SHOWING:
THIS IS A CONFIDENTIAL SALE AND all potential customers will be shown by appointment only by the Owner or Owners Representative.
Operations and employees are not be disturbed by just walk inns and asking any questions will be appreciated

Attached Documents


Detailed Information

Location:
Fremont, CA
Inventory:
Not included in asking price
Employees:
26
Competition:
First-Ever Mexican Fusion Restaurant
Growth & Expansion:
Delivery, Private Dining, Marketing
Financing:
Seller Financing Available
Support & Training:
Available
Reason for Selling:
Age, Other business interest
Business Website:
http://www.crexi.com/properties/534791/california-turnkey-fusion-upscale-mexica
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Business Location


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(from currently available funds)
 
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NARENDER TANEJA

Business Listed By:
NARENDER TANEJA

Commerical Business Unlimited

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