Business for Sale Overview:
| CURRENTLY IN ESCROW - Pending Deletion |
Restaurant/bar With $1.7 Million Invested Doing $1 Million Sales
RRC# 1345
Offered at: $250,000
Location: San Jose, California
Revenue: $112,000 / Month
Listing Description:
This beautiful restaurant, bar and lounge is in an area that is in the process of being further developed with hundreds of new apartments and lots of new retail development underway. This business has an attractive warm inviting dining room, display kitchen and comfortably appointed cocktail lounge with high ceilings, concrete floors, marble counter tops and a combination of booth seating, banquette seating and tables and chairs. There was approximately $1.7 million invested in building out this space. Some of the equipment includes as follows: 2 door under counter refrigerator, 6 ice bins, an Aloha POS system with 6 monitors and 8 printers, 3 hand sinks, 2 sided 15' type 1 hood with fire suppression systems, 2 convection ovens, 2 -1 door under counter freezers, 2 - 6 burner units over ovens, 2 - 3' French top grills over ovens, 4 - 2 door under counter refrigerators, double basket fryer, counter mixer, 3 compartment sink, ice machine, 2 stock pot burners, mop sink, walk-in refrigerator, refrigerated beer cooler, 2 - 4 glass door under counter refrigerators, 2 - 3' ice bins, under counter dishwasher, 2 group espresso machine, 4 taps and a 50" plasma TV, etc. There are also two beautifully designed restrooms, a liquor storage room and an office and storage area.
General Information:
Organization: LLC
Seating: 75 In Restaurant and 35 In Bar/Lounge
Square Foot/Size: 3,500 + 1000 Office/Storage Area
Parking: Street and Parking Lot
License(s) Required: Business, BC Type 47 (Hard Liquor)
Lease Information:
Lease Rent: $11,175 All Inclusive
Lease Expiration: 15 Years
Yearly Adjustment: 4%
Lease Option: Two 5 Year Options
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.