Seller may cary a note for part of the asking price to well qualified buyers! Adobe Systems, BEA Systems, the San Jose Museum of Art, the Children's Discovery Museum of San Jose, the Tech Museum of Innovation, the San Jose Museum of Quilts & Textiles, the San Jose Repertory Theatre, the San Jose Stage Company, the historic De Anza Hotel, the Fairmont Hotel, the Cathedral Basilica of St. Joseph, the campus of San Jose State University and the Dr. Martin Luther King, Jr. Library are all institutions that make up the commerce of downtown San Jose. With a population in excess of 1 million San Jose is the third largest city in California and the county seat of Santa Clara County. Currently only open from 11am to 3pm, Monday to Friday and closed at weekends this restaurant has such an opportunity for growth. It would also suit most kinds of menu and could so easily be transformed into an Italian, French, Chinese or even a Fast Food restaurant. There are many major restaurants, Morton's Steakhouse and Scott's Seafood just a few of blocks away. At 1700 sq ft this a nice manageable sized restaurant and would suit a first time buyer with restaurant experience. There are 50 seats plus an outdoor walkway patio with a very nice kitchen, so if a new owner opened for business in the evening and weekends like the other restaurant nearby, it should double it's current annual sales and achieve $500k-$1million in the future. The kitchen includes: A 12 ft extraction s/s Type 1 hood with fire suppressant system, prep refrigerated lowboy, double deep fryer, 6 burner Garland stove griddle and double oven, char-broiler, walk in fridge and separate walk in freezer, 2 door stand up fridge, 3 compartment steam table and ample s/s prep tables, office and storage. The dining room is tastefully decorated to suit many types of menu operations and the outdoor patio is a bonus and used daily. An ABC type 41 beer and wine license is included with the sale which altogether make up one of San Jose's best City Center restaurant business opportunities. Complete the 'Confidential Information' request at the top of this page and we will send you the name and address of this business plus the financials & the lease. We will also send you the broker contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationContact For Info
  • Established1990
  • Current Owner2013
  • Employees2
  • Reason For SaleOther Interests

Facilities

  • Seating50 + Patio
  • Square Feet1712
  • ParkingParking Lot Validation
  • LicensesHealth, Business and ABC Type 41 beer and wine
  • Open Hours11am - 3pm Mon-Fri

Lease

  • Rent$2,645
  • Expiration2017
  • Yearly IncreaseContact For Info
  • Option5 years
  • Deposit$5,000

Financials

  • Monthly Revenue$20,000
  • Monthly Cash Flow$6,000
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$$1,000

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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