A rare opportunity to own a restaurant in a prime location in bustling downtown Willow Glen. Complete with a Type 47 liquor license, this restaurant is near other eateries, numerous retail establishments, law offices and other small businesses such as consignment stores, salons and boutiques, in one of the most expensive neighborhoods in San Jose where residents are mostly affluent and have disposable income. Situated on the main thoroughfare in downtown Willow Glen, there is significant pedestrian and vehicle traffic daily as residential neighborhoods are just several blocks away and locals frequently visit this area. The district is also known for hosting year-round events, including the weekly farmer's market, various holiday events, wine walks in the spring, and a summer concert series just a few blocks away. The restaurant features an open and modern design with high ceilings, a bar in the back offering additional seating, a fully equipped kitchen as well as a parklet. The concept can be included, but the space and location is also an excellent opportunity for the new owner to introduce their own.

General Info

  • OrganizationLLC
  • Established2017
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • SeatingContact for Info
  • Square Feet1,700
  • ParkingStreet Parking and Public Parking Lot
  • LicensesABC Type 47, Business and Health Permit
  • Open HoursWednesday, Thursday 3pm - 9pm, Friday 11am - 10pm, Saturday 9:30am - 10pm, Sunday 9:30am - 7:30pm, Monday - 5pm - 9pm

Lease

  • Rent$5,683 (all inclusive)
  • Expiration2025
  • Yearly Increase3% Yearly Increases
  • Option5 Year Option
  • Deposit$6,000

Financials

  • Monthly Revenue$104,441
  • Monthly Cash FlowContact For Info
  • Annual Revenue$1,253,297
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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.

Location