Cafe Artemis
Bay Area Business Brokers sold Cafe Artemis in Campbell, CA in 2021. Café Artemis is a Mediterranean restaurant with a full bar located in a prime area of the Pruneyard Shopping Center in Campbell. In addition to seating for 110 inside there’s a 600 sq. ft. patio in front with seating for 40. The Pruneyard had a major renovation project in late 2016 & 2017, and temporary fences restricted access to the business. This had a major negative effect on sales with revenue dropping from $1.4MM+ to just over $1MM. The construction is finished now, and sales are returning to their former levels. Revenue in 2018 was up almost $350,000 over 2017 and the adjusted earnings more than doubled. The business has over 13 years left on the lease with below market rent. The seller is motivated to return to his family in Turkey and has reduced his asking price. The buyer should have solid restaurant management experience in order to be approved by the landlord.
