Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
Milpitas |
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| County: |
Santa Clara |
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| City: |
Milpitas |
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| Financial Information |
Detailed Information |
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| Price: |
$129,999 |
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| Down: |
All Cash |
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| Revenue: |
Call/Email |
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| Adj. Net: |
$60,000 |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
No |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This Milpitas Restaurant Business For Sale:
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Restaurant in the heart of Milpitas
Current owner at the same location for approximately 2 years
2000 sqft
4500 Rent including NNN lease
3 years left on lease possible 5 year option available
45,000 to 50,000 sales
30% Margins
4 employees, payroll is 7,000
Owner payroll is 3,000 a month
Approximate profit a month ranges from 8,000 to 10,000
Catering Business ranging from 8,000 to 10,000 average monthly
Disclaimer: A buyer is encouraged to take necessary steps to conduct due diligence before committing to the transaction. Often a business owner/seller provides us with a verbal description of sales and other information and is reluctant to share financial information at the onset. Insignia makes neither representation nor warranty to the accuracy or completeness of the information provided, and expressly disclaims any and all liability for representations of warranties, expressed or implied, contained in such information, or for omissions from them.
The information, which Insignia will provide under this agreement, has been provided by the business and/or property management. Insignia has no basis to verify the profitability of the business as we lack training in the matters of accounting and business and has not verified or checked it and advises a prospect to hire a CPA and an attorney. Insignia or its agents make no assurance of future profitability and the income can increase or decrease depending on several factors like but not limited to: management style, opening hours, product mix, customer service, changing employees, vendors handling, procuring or other factors.
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