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For Sale: Asian Restaurant - West San Jose

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Current Status: Active     Posting #: 244225     Last Refreshed: 11/10/18     BRE License #: 01387995    
Contact: Maggy Slavova At 408-829-2315  -  Also Email This Contact Below
Price:  $450,000     Down:  Call     Adjusted Net:  Call     Revenue:  Call    
Business Address:  None Given     City:  San Jose     Zip:  95129    
Attributes:  Training & Support     Cooperation With Brokers?  Yes
West San Jose Asian Restaurant Business For Sale

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For Best Results & Response, Email & Phone This Contact: Maggy Slavova at 408-829-2315.

  Description About This Posting: Asian Restaurant
Property profile

Well established, popular Asian restaurant in a busy shopping center in west San Jose. It has a seating capacity of 72 people, 2,500 sq.st. Total space. Fully equipped kitchen with double hood, 6-burner stove, deep fryer, three Chinese woks, grill, refrigerators, ice maker, freezers, preparation tables, plenty of storage, system of required sinks, ADA bathrooms. Reasonable 10-year lease with a 5-year option. Ample parking. The restaurant is open 7 days a week. It has a liquor license type 41. Can be converted into other cuisine (restrictions may apply). NDA is required.

General information
Location: shopping center
Co tenants: other restaurants and businesses
Signage: building signage
Ownership: inc.
Seating: 72 seats
Size: 2,500 square feet
Parking: shopping center parking
License(s): business, boe, abc 41
Open: open 7 days a week.
Reason for sale: other interests

Lease information
Lease/rent: approximately $10,500 nnn (total)
Lease expiration: 2027
Yearly adjustment: tbd
Lease option: 1 x 5-year option
Security deposit: tbd

Financial information
Revenue: approx. $1,020,000 per year.
Cash flow: approx. $300,000 per year.
Equipment/ inventory: equipment list
Payroll: 10 employees, including owners
Franchise royalties: n/a
Expenses: rent, utilities, insurance, maintenance
New terms: all cash

To get more information about this Asian Restaurant business for sale in West San Jose please phone Maggy Slavova (Broker - BRE License #:01387995) at 408-829-2315 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #244225 on BizBen.com. In addition to phoning Maggy Slavova, make sure you email Maggy Slavova above to get more info about this Asian Restaurant, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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