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For Sale: Coffee Shop Restaurant - Fully Absentee Run - Santa Clara County, California

Call/Email

Asking Price

  • Address: 95128.

Description

This business was established in 2007 and the present owner has been operating it since 2015. There is a banquet hall for 200, a dining area for 190, and a bar area for 45. The total capacity is 435. The lease term is until 2037. The building is 11,700 sq ft. The monthly rent is $15,715 per month. The restaurant is located close to the city hall and library, with high foot traffic. The seller is very motivated.

There is an existing SBA loan for $500,000 at a 1% rate. The monthly payment is $3,000 per month which could be assumed by the buyer. Also, there is a back rent of $300,000 which could be assumed as a liability by the buyer for these two amounts to be adjusted from the asking price accordingly. The landlord is the city of San Jose and they are very cooperative in transferring this liability to the buyer.

To get more information about this Coffee Shop Restaurant - Fully Absentee Run business for sale in Santa Clara County please phone Ahmad Rismanchi (Agent - BRE License #:00819052) at 510-938-1855 Cell and 510-938-1855 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #274336 on BizBen.com. In addition to phoning Ahmad Rismanchi, make sure you email Ahmad Rismanchi above to get more info about this Coffee Shop Restaurant - Fully Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. License # 00819052. Realty Experts.

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Contact

  1. Name: Ahmad Rismanchi
  2. phone iconPhone: 510-938-1855 Cell
  3. phone iconPhone: 510-938-1855 Text

Details

  1. Asking Price: Call/Email

  2. Down: Call/Email

  3. Cash Flow: $204,000.00

  4. Revenue:    $1,900,000.00

  1. Area: Santa Clara County

  2. City: None Given

  1. Attributes:

    Broker CooperationAbsentee RunSemi-Absentee RunTraining & Support

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