Restaurant  •  $150,000

Location: San Jose
Seller: Steve Zimmerman
Phone: 415-945-9701

Business Summary
newly Built Restaurant- 770K Sales- 800K Invested- Superb Visibility- Space Reduction Option

Rrc# 1333
Offered At: 150,000
Location: San Jose, Santa Clara, California
Revenue: 79,000 / Month
Cash Flow: 4,450 / Month

Listing Description:
This Operation Was Built From Scratch In 2007 And Is Available For A Fraction Of The Seller’s Investment. Located In A New, Highly Visible Center, Easily Accessed And With Excellent Mixed Use Demographics. The Restaurant Was Built By Combing Two Adjacent Spaces Which Could Be Divided For A New Owner To Create A Smaller Restaurant, Thereby Reducing The Rent, Without Compromising The Practicality Of The Operation. The Restaurant Features Beautiful Stonework And A Polished, Acid Washed Floor, High Ceilings, Attractive Track And Pendant Lighting And A Large Glass Frontage Adding Spaciousness And Visibility From The Dining Area. The Current Operation’s Menu Consists Of On-Site Dining, Take-Out And Delivery. There Is Also A Large, Shared Outdoor Seating Area With A Patio Like Feel. There Is A Pos System At The Service Counter With Three Terminals And Printers. A Very Efficient Display Kitchen Is Equipped With 2-10’ Type 1 Hoods, 6’ Char Grill, 4- Burner Sauté Station, 5-Well Steam Table, Convection Oven, Single Door Upright Holding/Proofing Cabinet, 2- Door Under Counter Freezer, A 2- Door And A 6-Drawer Under Counter Fridge, 3-Door Salad Station, 2- Compartment Sink With Floor Sink, Hand Sink And An All Quarry Tiled Floor. There Is A Large Walk-In Cooler, Wire Shelving, Stainless Work Tables And A Mop Sink Closet In A Room Just Off The Kitchen. A Separate Dishwasher Area With Clean And Dirty Tables, A 3-Compartment Sink, Floor Sink And A Large Ice Machine Is Adjacent To A Private Office. Two Multi User Ada Restrooms Are Also On The Premises. This Would Be An Excellent Brew Pub Location! Other Menu Concept Possibilities Suitable For This Location Include Italian, Indian, Middle Eastern, American Pub Food, American Diner Or Burger Restaurants And Asian, Including Thai, Vietnamese, Chinese Or Korean. This Is Avery Desirable Center With Zero Vacancy, High Traffic, And This Operation Is Situated At The Center’s Entrance. As Indicated, The Space Could Be Reduced In Size By Approximately 900 To 1,000 Square Feet To Accommodate A New Operation And Still Retain The Entire Kitchen And Service Counter Area, Ada Restrooms And A Reasonable Portion Of The Dining Area. A Reduction Of The Base Rent Is Currently Being Discussed With The Landlord. Seller Will Consider Carry-Back Financing.

General Information:
Organization: Llc
Seating: 92 Inside, 25 Outside
Square Foot/Size: 2,898
Parking: Parking Lot
License(S) Required: Business, Type 41 (Beer & Wine)
Days Open/Hours: 7 Days 11a-9p

Lease Information:
Lease Rent: 14,951 / Month
Lease Expiration: April 2012
Yearly Adjustment: Fixed For 5 Years
Lease Option: 5 Years + 5 Years
Security Deposit: 15,649.