Cafe Artemis

Mediterranean Restaurant with Full Bar Location in Campbell, Santa Clara County

Overview

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.

The restaurant services Campbell, Los Gatos, San Jose, and other Santa Clara County cities.

 

The information was provided by the Seller of the business and independently verified by the Buyer. The subject business has been sold and is currently off the market. If you’re interested in selling your business, Bay Area Business Brokers is ready to help. We offer complimentary consultation and valuation.

Please let us know if you have any questions. You can reach us at (408) 246-3846 or babizbkr@gmail.com. We have been matching buyers and sellers since 1981. To view our current listings, please visit https://bayareabizbrokers.com/businesses-for-sale/.