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Business for Sale Overview:

This is a long established gay bar in downtown San Jose. It has been very consistent in sales and is a very popular spot on the downtown scene. The owner of the business owns the building as well. After over 20 years of owning the bar, the owner is retiring and will sell the business and the building as one package. The business was priced taking into consideration market rent for the facility. The facility was priced using the same rent to obtain a value with a CAP rate. The business is turnkey and ready to go. The type 48 license (no food required) is no longer available in downtown San Jose and can only be obtained by buying an existing one. This is a great cash business, with only 11% of income coming from credit cards. There is a second floor to the building with a tenant in place.

Property Features and Assets:

The building is a free standing building in downtown San Jose. It is 2,619 sq. ft. with a second floor that has office and is rented out. The bar is on the first floor with a patio. It is one of the few small building in the downtown area that is on the market.

Additional Details:

• The property is owned.
• The owner may be willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.