Chinese Restaurant located in the small strip center on Union Avenue near Bascom. Rent is $4500 and size of 1500 sq. ft. This restaurant is remodeled partially in 2018. There's a full equipped kitchen with walk-in cooler and 16 feet hood. Asset sale. Lease term is every 5 yrs only
*Lease term is every 5 yrs only
*Need work on bathroom for ADA (There are two bathroom)
*Dishwasher is owned by seller.
*1 Chest Freezer and one of drink fridge are not included to the price.
*Beer/wine license
*Reason for selling: other interest. (seller has many businesses)
To get more information about this Chinese Restaurant - Asset Sale business for sale in
San Jose, Santa Clara County please phone Armina Paik (Agent - BRE License #:01370430) at 650-464-1148 and 650-464-1148 Text - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #272142 on BizBen.com. In addition to phoning
Armina Paik, make sure you email Armina Paik above to get more info about this
Chinese Restaurant - Asset Sale, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 01370430. New Standard Realty.
Related Links & Information Regarding This Posting
Attributes: Broker-Broker Coop, For Sale By Owner, Semi Absentee Run, Absentee Run, Training And Support
American Breakfast Restaurant brand with 2 locations in Santa Clara CA. The sale includes two businesses and locations in Santa Clara, CA. Open for over 8 years, stable, profitable, and still growing! Absentee and Semi-Absentee owners. Excellent operating hours 7:00-2:30 M-F, 8:00-3:00 Weekends.
Contact: Hans Monvik: 530-355-1942 Cell, 530-355-1942 Text
Status: Active Posting #: 267160 Refreshed: 6/29/2022
Asking Price: $1,950,000
Down Payment: Call / Email
Annual SDC: Call / Email
Annual Gross: $1,500,000 plus
Attributes: Broker-Broker Coop, Lifestyle, Real Estate Available, With Real Estate, Training And Support
Landmark restaurant, bar, / steak house with real estate - this well-established business has been in continuous operation for over 30 years (the only interruption has been for covid protocol) is now operating and performing to pre covid numbers. Owner is older and wants to retire. Owner financing.
Attributes: Broker-Broker Coop, Semi Absentee Run, Absentee Run, Training And Support
Profitable cafe in a fabulous San Francisco neighborhood and location. Type 1 hood and a Type 41 liquor license. Casual and comfortable atmosphere. Absentee owned. Plenty of available parking! Same owner 28 years. Great reputation and reviews. Only open for breakfast and lunch. Many loyal customers! Purchase price $249,000, gross profits-$380,000, net profits-$120,000, 2000 square feet, rent-$5000 per month (Covid $2000).
Popular family owned neighborhood restaurant located in the inner sunset of San Francisco. Current hours of operation are Tuesday Thru Sunday (5pm-9pm). Current hours of operation are Tuesday Thru Sunday (5pm-9pm). Lease expires 2026 with 1 x 5 years option. Restaurant has Type 41 license which is included with asking price. Occupancy approximately 36 seats. Rent is $4,550 per month. Lease expires 2026 with 1 x 5 years option. There is 4 x big Coolers, 2 x Small Coolers, 2 x Big Stove, 1 x Oven.
The use of add backs & sellers discretionary cash is common among sellers of businesses when showing their financial information & explaining that the buyer will actually enjoy more profit than is shown. But buyers are cautioned to review documents closely. Peter Siegel, MBA with BizBen explains.
Recently a business owner asked me on the phone, "Why do you keep the sale of a business confidential? How do you keep the sale confidential - any good tips?" Multiple Advisors weigh in on this subject. What would be your answer to this business owner? ProIntermediaries on BizBen discuss this topic.
An often overlooked aspect of selling (or buying) a small business is taking back-up offers during the entire process of selling (or buying) a business. Most sellers (or buyers) don't realize that over fifty percent of all deals/contracts fall out escrow or contract for one reason or another.
When selling your small business, you'll be bombarded with questions - from the brilliant to the ridiculous. You need to be prepared. Here are some of the key questions you can expect to be asked. Tim Cunha (SF Bay Area Business Broker) reviews many of these possible questions from potential buyers.
The unfortunate truth is that approximately 50% of all small business sales transactions fall through. While failed transactions can happen for a variety of reasons, Peter Siegel, MBA (BizBen Founder & Lead Advisor) discusses the most common reason deals fall through; unrealistic asking prices.
Buying a small business is an often arduous process. Peter Siegel with BizBen.com shares his strategies on this new Podcast session with Brian Loring who asks all the current & essential questions successful business buyers tend to ask and get answered before buying a small to mid-sized business.
Peter Siegel, MBA - BizBen Founder discusses the difference between a hands on owner and an absentee owner. It covers why someone would want to be an absentee owner and then goes on to discuss the pros and cons of buying an absentee run small business in the California marketplace.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Need financing to buy a larger small business (with or without real estate)? Specializing in larger SBA loans for purchases of businesses, practices, franchises. Contact Peter Siegel, MBA today to get prequalified and get advice at 925-785-3118 Cell/Text.
For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
American Breakfast Restaurant brand with 2 locations in Santa Clara CA. The sale includes two businesses and locations in Santa Clara, CA. Open for over 8 years, stable, profitable, and still growing! Absentee and Semi-Absentee owners. Excellent operating hours 7:00-2:30 M-F, 8:00-3:00 Weekends.
Landmark restaurant, bar, / steak house with real estate - this well-established business has been in continuous operation for over 30 years (the only interruption has been for covid protocol) is now operating and performing to pre covid numbers. Owner is older and wants to retire. Owner financing.
